Bethlehem – Ma’an – This morning (Wednesday), the euro crossed the barrier of four shekels (4.02) with the value of the shekel declining by about three-quarters of a percent. The dollar also rose by about 0.8 percent and exceeded the barrier of 3.73 shekels.

Yedioth Ahronoth newspaper reported that if security instability continues, forecasters expect another increase in foreign exchange rates later this month. This increase may result in the fifth consecutive rise in fuel prices at the beginning of May.

She added that it is doubtful whether the Bank of Israel will be able to reduce the interest rate in the economy by a quarter of a percent next Monday.

Source: Maan News Agency