The US dollar bounced back from early European session's 1-month low of 3.7935 against the Israeli shekel during New York trading on Monday. At present, the greenback is trading near 3.8260 versus the shekel, which may be compared to last week's closing value of 3.8263.

Israel's jobless rate remained unchanged in April. The jobless rate stood at 6.9% in April, same as in the previous month, data from the Central Bureau of Statistics showed on Monday. A year earlier, the jobless rate was 7.8%. The rate hit a peak of 7.9% in May and June last year.

The Israeli economy expanded 3.3% annually in the first quarter, compared to 4.8% growth in the previous quarter. An analysis by the central bank pointed to 3.7% growth rate for 2010. Annual inflation rate was 3% in May, unchanged from April and at the upper limit of the central bank's target range of 1% to 3%.

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