Extending European session downtrend, the Israeli currency declined further against the US dollar in New York deals on Wednesday. The shekel, which closed yesterday's New York session at 3.6912 against the greenback, dropped to a 9-day low of 3.7275 by about 10:35 am ET. At present, the pair is trading near 3.7230.

Wednesday, Israel's Central Bureau of Statistics announced that the jobless rate stood at 7.4% in November, down from 7.5% in the previous month. This was the lowest level since January 2009. A year ago, the jobless rate was 6.6%.

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