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Shekel hits nine-year high against dollar

News Type: Event — Seeded on Tue Nov 20, 2007 10:42 PM EST
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As the shekel rose to its highest in nine years against the beleaguered US dollar on Tuesday, the Israel Export Institute warned that the current weakness of the US currency was causing losses of billions of shekels to exporters, while threatening to significantly damage the competitiveness of the local export industry.

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