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Shekel

Shekel forecast: USDILS hits 2016 lows due to Gaza war

Analysts saw a weaker shekel in the medium term due to the war in Gaza. One USD to ILS forecast had the pair trading at 4.11 by early October 2024.
Shekel

Shekel hovers at 3.97 vs USD as BoI head to extend term

The Israeli shekel is trading around 3.97 against the U.S. dollar - the lowest in over 7 years - as Israel's war with Hamas prepares to enter its second week.
Oil prices edge lower as Israel pulls more troops from Gaza

Shekel drops to 4 against USD for first time since 2015

The Israeli shekel weakened past 4 against the U.S. dollar, the currency’s lowest level since 2015, amid the IDF’s continuing retaliation against Hamas.
Shekel

Bets against shekel mount pressure on Bank of Israel

Increasing bets against the shekel are putting pressure on the Bank of Israel to support the currency as the IDF gears up for a ground invasion of Gaza.
Shekel

BoI keeps rates unchanged, shekel on worst streak since 1984

The Israeli shekel declined by as much as 0.2% to 4.06 per U.S. dollar on Tuesday, extending its losses to 11 straight days, the longest since 1984.
Shekel

S&P cuts Israel’s outlook to negative, shekel hits new lows

The Israeli shekel declined by close to 0.4% to 4.0807 per U.S. dollar on Tuesday, extending its losing streak amid the war with Hamas.
Shekel

Shekel gains for second straight day as IDF tanks enter Gaza

The Israeli shekel gained against USD on Monday, putting an end to the 5-week selloff as Israel signaled a more gradual approach to its invasion of Gaza.
Shekel

Israeli stocks, shekel to post weekly gains

The New Israeli Shekel appeared to be on track to post its first weekly gains since October 7 on Friday, as the IDF pushed on with its offensive in Gaza.
Shekel

Central bank support leads shekel to recover most war losses

As of November 7, the New Israeli Shekel recovered most of its losses since the war between Israel and Hamas began.
Shekel

Central bank support leads Israeli shekel to pre-war levels

The Israeli shekel strengthened for a sixth day to briefly surpass the level it was at before the Hamas attacks on October 7.
Shekel top performer vs. USD this month

Israeli shekel is world’s top performer vs. USD in November

The Israeli shekel has been a top performer in foreign currency markets this month, surging close to 8.5% against the dollar from its late-October low.
Israeli Flag

Bank of Israel makes first interest rate cut since 2020

On Monday, the Bank of Israel (BoI) reduced short-term borrowing rates for the first time in almost four years, making it the first developed country to ease monetary policy, while stressing the need for fiscal discipline as Israel grapples with increased spending during the war with Hamas.

Israel-Lebanon Border

Potential escalation in the north of Israel weighs on shekel

The Israeli shekel (NIS) has appreciated against a range of major currencies this week, with the USD to ILS exchange rate gaining 1.84% to trade at 3.7456, while the euro to shekel rate is up by 2.2% at 4.118.

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