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Midas what is story with Israeli currency?

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swampboots Member Level  Thursday, 02/14/08 05:21:58 AM
Re: midastouch017 post# 3515
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Midas what is story with Israeli currency?
Do not have link but article in Israel today notes Israeli currency up about 18-20% against Yen, Swiss Franc, Pound, and Euro (not to speak of US dollar highest)..Israeli currency strongest of any currency this year and moving stronger. Sheckel to be traded internationally joining major currencies.

What are implications for Israeli export Co's, as I assume their prices must rise 10% plus or face lower profit margins.

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