Dollar at 10-year low vs. shekel


The dollar hit a 10-year low against the shekel.

Israeli market trading closed Thursday with the dollar valued at 3.37 shekels, the U.S. currency’s weakest point since 1997.

The dollar has plunged worldwide amid a U.S. debt crisis. There have also been signs of a slowdown in the Israeli economy.

This year, the dollar has lost more that 9.5 percent of its value against the shekel.

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