During early deals on Monday, the Israeli Shekel strengthened against the US dollar. The dollar-shekel pair that closed last week's trading at 4.1715 reached 4.1423 at 3:20 am ET. This set an 11-day high for the shekel. If the Israel currency moves up further, it may likely target the 4.10 level.

In Israel, the average monthly wage per employee at current prices rose to ILS8,119 in January from ILS7,967 in December, the Central Bureau of Statistics said. At constant prices, the average monthly wages increased to ILS7,283 from ILS7,144 in the previous month.

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