Category: Shekel
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Shekel stable after week of heavy losses
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Despite its current weakness, HSBC expects the shekel to strengthen to 3.6 shekels per dollar by the end of 2024 and 3.4 shekels per dollar by the end of 2025. The shekel exchange rate stabilized today against the US dollar and the euro after a week of heavy losses. In…
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Shekel sharply weaker in wake of Wall Street falls
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The shekel is falling sharply today against the US dollar and the euro. In interbank trading late in the afternoon, the shekel rose against the dollar by 1.26% to NIS 3.717/USD, and the shekel rose against the euro by 1.35% to NIS 4.107/EUR. Yesterday, the Bank of Israel set the…
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Shekel rebounds in volatile forex market
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Head of Financial Planning Poria Or Poria: We see the shekel strengthening in the long term. After a sharp decline yesterday, the shekel is rising strongly today against the US dollar and the euro. In late morning interbank trading, the shekel fell against the dollar by 1.01% to NIS 3.685/USD,…
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Shekel opens week with strong gains
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With inflation rates rising in Israel, the Bank of Israel’s Monetary Committee is not expected to cut interest rates on Wednesday. The shekel exchange rate rose sharply today against the US dollar and the euro. In late morning interbank trading, the shekel-dollar exchange rate fell by 1.25% to NIS 3.658/dollar,…
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Shekel rebounds strongly despite continued tension
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Despite Israel remaining on edge following Iran’s vow to avenge the assassination of Hamas political leader Ismail Haniyeh in Tehran last week, the shekel made sharp gains today. The day’s gains cap a week of shekel weakness that saw the Israeli currency trade at its weakest level against the U.S.…
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Shekel depreciation accelerates – Globes
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This week’s trading in the foreign exchange market opened with further weakness for the shekel against major currencies. The shekel-dollar exchange rate is currently up 0.55% compared to Friday’s representative rate, at NIS 3.8279/dollar, and the shekel-euro rate is up 1.99%, at NIS 4.1932/euros. Last week’s trading once again demonstrated…
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Shekel weakens following Haniyeh, Shukr killings
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The shekel has weakened significantly this morning, following the killing of Hezbollah commander Fuad Shukr in an Israeli airstrike in Beirut last night, and the killing of Hamas political leader Ismail Haniyeh in Tehran in the early hours of this morning, about which Israel has remained silent. The assassination of…
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Shekel hit hard by Lebanon war worries
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The shekel fell sharply against the US dollar and the euro on Tuesday on fears of a war in the north after a Hezbollah rocket killed 12 children in Majdal Shams on Saturday. In afternoon interbank trading, the shekel was up 1.59% against the dollar at NIS 3.739/USD and 1.50%…
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Shekel weakens sharply after Nasdaq declines
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Over the past week the shekel fell by 0.6% against the US dollar, but in the past month it rose by 1.5%. The shekel is declining today against the US dollar and the euro. In afternoon interbank trading, the shekel rose against the dollar by 0.83% to NIS 3.657/USD, and…
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Gaza optimism lifts shekel to four-month strongest against dollar
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A report in the Washington Post about the possibility of a ceasefire in Gaza sent the shekel soaring and pushed the Tel Aviv Stock Exchange to near record levels. The shekel rose today against the US dollar and the euro. In late morning interbank trading, the shekel fell against the…
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Exclusive-Bank of Israel waiting for digital euro ahead of digital shekel launch By Reuters
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By Stephen Sher JERUSALEM (Reuters) – The Bank of Israel remains committed to its plans to issue a digital currency to improve Israel’s payments system and boost innovation, but it is unlikely to launch it before other advanced economies. “We are all waiting for the first Western central bank to…
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Yields on Israel gov’t shekel bonds reach 13-year high
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Growing fears of an escalation in the confrontation between Israel and Hezbollah in Lebanon have increased pressure on Israeli government bonds. Yields on long-term government bonds have risen in recent days, reflecting the increased risk that investors attribute to the state of Israel’s debt. The yield on 10-year shekel government…
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Weak shekel makes rate cut unlikely next week
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The Monetary Committee of the Bank of Israel will announce its fifth interest rate decision this year on Monday. Since January, when the rate was cut by 0.25% to 4.5%, the Monetary Committee has refrained from implementing further cuts. Capital market sources and analysts currently believe that there will be…
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Shekel at weakest against dollar since April
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The shekel is falling against the US dollar today and is stable against the euro, at its lowest level against the dollar since April. In afternoon interbank trading, the shekel rose against the dollar by 0.37% to reach 3.767 shekels/dollar, and fell against the euro by 0.03% to reach 4.036/euros.…
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Shekel shrugs off volatility despite ongoing war
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The foreign exchange market in Israel has witnessed severe fluctuations over the past eighteen months, due to political uncertainty in Israel and then the war. The shekel, whose value had already fallen dramatically during disputes over judicial reform, weakened further as a result of the war, trading at one point…
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Israel’s Groundbreaking Digital Shekel Challenge
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Source: Coin Journal In a strategic move to revolutionize the financial landscape, the Bank of Israel is moving forward with the development of the central bank digital currency (CBDC), the digital shekel. Recognizing the transformative potential of this innovative payment solution, the Bank of Israel (BoI) launched the “Digital shekel…
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Shekel strengthens ahead of April CPI
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The shekel is gaining strength today against the US dollar and the euro, and is at its strongest levels against the dollar since early April. In the afternoon interbank session, the shekel was down 0.73% against the dollar at NIS 3.697/$, and down 0.63% against the euro at 4.002/€. On…
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UBS forecasts shekel strength on Israel’s recovery, Fed easing By Investing.com
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UBS expects the value of the Israeli shekel to rise against the US dollar, anticipating a decrease in the geopolitical risk premium. The shekel briefly surpassed 3.80 against the dollar due to recent tensions between Iran and Israel, as well as the ongoing conflict with Hamas. UBS analysts expect these…