Foreign currency trading continued to be volatile today, and after trading up 0.2% to NIS 4.545, the dollar weakened slightly and the representative exchange rate was set at NIS 4.535.

The Excellence trading room reported that the dollar weakened on profit taking buy investors who decided to cut their dollar exposure, estimating that there is a greater likelihood of revaluation than devaluation at this stage. The dollar was also under pressure from exporters who sold dollars.

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