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Israel Shekel is safe currency in emerging markets

Posted on 03 September 2013

The Israeli shekel is a haven among emerging market currencies and any Syria-related weakness is a buying opportunity, Societe General SA said. Better-than-forecast economic growth in the second quarter and expectations that Israel’s interest rate differential with major economies won’t narrow in coming months are fueling shekel gains.
Israel’s economy is set to expand 3.5 percent in 2014, faster than the 3 percent forecast for Russia and the 2.5 percent estimate for Poland, according to economist estimates compiled by Bloomberg………………………………………..Full Article: Source


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