Nasdaq boosting shekel against dollar to NIS 4.8950 - TheStreet

The shekel is rising against the dollar to NIS 4.8950, 0.2% stronger than Wednesday's representative exchange rate, NIS 4.9040.

Dealing rooms noted mild action, and that dealers are waiting to see which direction trade is going to take. "On the one hand, an 8% leap on Nasdaq justifies selling dollars, but reports on the army getting ready for an operation in the Gaza Strip makes selling them more difficult," one dealer said.

Dealers said that the dollar has strong resistance at NIS 4.92. "Yesterday we saw strong supply when the dollar crossed through the NIS 4.90 level," one told TheMarker. She believes the foreign currency market will continue fluctuating, but several days of calm could bring the dollar back to NIS 4.80.