Poria's Chairman or Poria: There is an increased uncertainty about the collapse of the hostage deal, and the increasing possibility of renewing the fighting in the south.
Early from the early date of the bank's trading, Shekel weakens against the US dollar and the euro after yesterday's decision by the Bank of Israel to maintain the interest rate unchanged at 4.5 %. The SHEKEL-Us exchange rate in dollars increased by 0.39 % at 3.587/$, and the Shekel-Euro rate increases by 0.40 %, to 3.752/€ NIS.
Yesterday, on the foreign exchange market, the Bank of Israel-Dollar is 0.028 % from Friday, at 3.566/$ NIS, and the Shekel-Euro rate was set by 0.013 % at 3.734/€ NIS.
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“In recent days, a shekel has weakened against the world's leading currencies, amid the increasing uncertainty about the collapse of the hostage deal, and the increasing possibility of renewing the fighting in the south. With regard to the possibility of an attack on Iranian nuclear facilities,” said PORIA’s Chairman or Poria.
He added: “Despite the fluctuations in the short term, the long and long -term estimates remain unchanged, and it is expected that shekels will significantly strengthen against the leading currencies.”
It was published by Globes, Israel Business News – En.globes.co.il – on February 25, 2025.
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