Shekel soars over dollar

The dollar is at a record low against the shekel. The U.S. currency hit a six-year low in Israeli markets this week, fetching 4.155 shekels for every dollar. That rate will remain fixed until after the Passover holiday ends next week. Israeli traders expect a further boost for the shekel given the dollar’s overall weakness abroad and large-scale foreign investment in Israel. The shekel is also strong against the euro and pound sterling.