Category: Shekel
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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…