Shekel hits nine-year high vs dollar | Jerusalem Post

Shekel hits nine-year high vs dollar | Jerusalem Post: "As the shekel rose to its highest against the dollar in nine years on Wednesday, Industry, Trade and Labor Minister Eli Yishai urged the government to set up a joint inter-ministerial committee for the swift implementation of an assistance program for industrial companies. The shekel rose to a Bank of Israel fixing of 3.9230 from 3.9370 Tuesday, the highest since September 1998, gaining for a second day as the US currency slumped to a record low against the euro after National People's Congress Vice Chairman Cheng Siwei said China 'will favor stronger currencies over weaker ones.' Since January 2006, the shekel has appreciated more than 14% against the beleaguered dollar."