The Israeli shekel that slumped to a 10-day low of 3.7325 against the US dollar on Thursday's early European trading started reversing its course shortly. The shekel appreciated 0.6 percent to 3.7087 against the greenback by 7:50 am ET. The dollar-shekel pair, which finished Wednesday's trading at 3.7226, is presently quoted at 3.7123.

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