Israel’s Biggest Shekel Pessimist Sees 6-Year Low Amid Violence
The first forecaster to correctly predict how low the shekel would fall this year now expects Israels currency to drop to levels last seen in 2009.
Daniel Tenengauzer, head of foreign-exchange strategy at RBC Capital Markets in New York, says a combination of violence, Chinas slowdown and a giant gas discovery in neighboring Egypt will send the shekel tumbling 10 percent by year-end. He says th ...
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