03.09.2013 - Israel Shekel is safe currency in emerging markets
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 Israelís interest rate differential with major economies wonít narrow in coming months are fueling shekel gains. Israelís 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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