The weakening of the shekel follows the release of macro figures yesterday showing that the Israeli economy grew at an annual rate of 1.7% in the second quarter, the lowest rate of growth recorded since 2009.
Commenting on the growth figures, FXCM Israel says this morning, "Even before Operation Protective Edge, the economy was on a slowing trend, and it can be assumed that in the third quarter figures, which will reflect the damage from the operation in the
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