Today’s disastrous jobs report is killing the dollar for two reasons: 1) A bad economy means less confidante in a country’s currency, and 2) this bad economy means investors expect the Federal Reserve to produce more paper money; which in turn kills a dollar. For this reason, you get today morning only 3.937 Shekel for each U.S. Dollar; down from more than 4.01 Shekel last night.
U.S. Jobs Report Hikes Shekel vs. Dollar
