Category: Shekel
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Shekel strengthens as hostage deal hopes rise
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The shekel price rose sharply against the US dollar this morning, and the market assessment is that the main reason is the significant progress reported in a deal to release Israeli hostages held by Hamas and a ceasefire in the Gaza Strip. The dollar-shekel exchange rate currently stands at 3.6328…
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Shekel weakens sharply against US dollar
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The shekel is weakening sharply today against the US dollar and is strong against the euro. In the afternoon of interbank trading, the NIS-USD exchange rate rose 1.40%, to NIS 3.678/$, and the NIS-Euro rate rose 0.16%, to NIS 3.782/EUR. Yesterday, the Bank of Israel set the shekel-to-representative dollar rate…
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Despite war shekel matched outperforming US dollar in 2024
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Throughout 2024, with the dollar outperforming against most major currencies, the shekel/dollar rate has remained relatively stable, closing 0.027% higher today at NIS 3.647/$. In 2024, the dollar experienced its strongest year since 2015, rising more than 7% against the world’s major currencies. But despite the war, the shekel has…
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Shekel weakens against dollar after Fed meeting
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Although the US Federal Reserve cut interest rates by 0.25%, it indicated only two rate cuts in 2025 compared to the four previously expected. The shekel is weakening sharply today against the US dollar and is strong against the euro. In late morning interbank trading, the NIS-USD exchange rate rose…
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Shekel starts week with more strong gains
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Bank Leumi: Hoping that uncertainty will subside, fundamental forces, such as the current account surplus, continue to support the appreciation of the shekel. The shekel is rising sharply today against the US dollar and against the euro. In the afternoon, the shekel fell against the dollar by 0.82% to 3.566…
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Goldman Sachs and UBS see shekel gaining sharply
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The ceasefire agreement between Israel and Lebanon, which took effect last week, has led investment banks and rating agencies to revise their forecasts for the Israeli economy. Some of these organizations have provided particularly positive updates, which include a significant strengthening of the shekel and an improvement in Israel’s credit…
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Shekel gains continue, bucking global trend against dollar
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The shekel rises today against the US dollar and the euro. In the afternoon of interbank trading, the shekel fell 0.21% against the dollar to 3.731 shekels/dollar, and was down 0.49% against the euro at 3.926 shekels/euro. Yesterday, the Bank of Israel set the shekel-to-representative dollar rate 0.107% lower than…
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Shekel gains continue, bucking global trend against dollar
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The shekel rises today against the US dollar and the euro. In the afternoon of interbank trading, the shekel fell 0.21% against the dollar to 3.731 shekels/dollar, and was down 0.49% against the euro at 3.926 shekels/euro. Yesterday, the Bank of Israel set the shekel-to-representative dollar rate 0.107% lower than…
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Shekel opens week with strong gains against dollar
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The shekel is rising sharply against the US dollar today. In the afternoon, the shekel rate against the dollar fell by 1.46% against the dollar, reaching 3.674 shekels/dollar, and decreased by 0.16% against the euro, reaching 3.849 shekels/euro. Since the beginning of November, the Israeli currency has been enjoying one…
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Shekel gains to strongest for 4-months against dollar
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Supported by expectations of a ceasefire on the northern border, the Israeli currency also reached its strongest levels in 20 months against the euro. The shekel is rising sharply today against the US dollar and against the euro. In the afternoon, the shekel rate against the dollar fell by 0.76%…
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Shekel gains against dollar, bucking global trend
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As soon as it became clear yesterday that Donald Trump had won the US presidential election, the US dollar began to rise in the foreign exchange market, which is always the quickest of financial markets to respond. The DXY index, which measures the strength of the US dollar, rose 1.5%…
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Trump victory strengthens shekel and boosts TASE
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After Donald Trump’s victory in the US presidential election, Tel Aviv Stock Exchange (TASE) indices rose to new records while the shekel price rose. After Donald Trump’s victory in the US presidential election, Tel Aviv Stock Exchange (TASE) indices rose to new records while the shekel price rose. Analysts had…
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Goldman Sachs sees shekel at 3.6/$ in a year’s time
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In the last week of October, the shekel appreciated 2.5% against the US dollar, making it the best-performing emerging market currency and bucking the trend of depreciation of emerging market foreign currencies against the dollar ahead of the US presidential election, according to a report by the World Bank. Review…
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Shekel sharply stronger after attack on Iran
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Boria Finance: The dollar continues to trade in the familiar range of 3.55-3.85 shekels/dollar, but in the long term, the price of the shekel is expected to rise. The shekel was sharply stronger today after a relatively restrained Israeli attack on Iran calmed market concerns about escalation. The Bank of…
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Shekel weakens sharply on Iran escalation concerns
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Perico: There is no change in our assessment, as the possibility of the shekel’s value rising is still limited, and the dollar may once again test the level of 3.8 shekels to the dollar. The shekel is weakening sharply today against the US dollar and the euro. This afternoon, the…
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Shekel gains strongly after Sinwar’s demise
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The shekel rose strongly this morning after the Israeli army confirmed last night that it had killed Hamas leader Yahya Sinwar. In interbank transactions, the shekel-dollar price decreased by 1.40%, reaching 3.71 shekels/dollar, and the shekel-euro price decreased by 1.77%, reaching 4.023 shekels/euro. The main question in the wake of…
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UBS sets out forecasts for shekel as conflict widens
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In a survey of the Israeli economy, Swiss bank UBS notes that the economy has been in a difficult and complex situation since the Hamas attack on October 7, 2023, and sets a forecast for the shekel based on three scenarios. “GDP and the financial hit to the Israeli economy…
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Despite escalation shekel and TASE defy risk factors
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A look at macroeconomic data, which indicates how investors view Israel, can be misleading. There is a series of data indicating serious concerns on the part of investors, while there is the shekel-dollar exchange rate and the Tel Aviv Stock Exchange (TASE) that convey a feeling of relative stability, even…
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US rate cuts won’t necessarily strengthen shekel
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On the eve of the first rate cut by the US Federal Reserve since 2020 and since it began raising interest rates sharply two years ago, the gap between the interest rates on the US dollar and the shekel was 1% higher in favor of the dollar. The aggressive 0.5%…
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TASE falls, shekel weakens after explosions in Lebanon
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Lebanese Health Minister Firas Abiad announced that 2,750 Hezbollah members were seriously injured, and at least eight people were killed after the pagers they used for communication exploded. Updated on 18.40 Arab media reported that 2,750 Hezbollah members were seriously injured and at least eight people were killed after their…