Or Poria: The medium and long -term expectations remain unchanged, which is expected to continue with a shekel in its important direction in reinforcement against the world’s major currencies.
In the afternoon, SHEKEL has maintained its strong recovery against the US dollar. The SHEKEL-Us exchange rate in dollars decreased by 0.68 % at 3.554/$, and the Shekel-Euro rate increases by 0.25 %, at 3.704/€ NIS.
Yesterday, the Bank of Israel set the HEKEL-DOLLAR representative rate of 0.859 % for the two, at 3.578/$ NIS, and the Shekel-Euro rate is 0.176 % at 3.694/€.
Shekel started a loss against the US dollar on Monday, as US President Donald Trump’s tariff requires global markets, which strengthens the American currency against all global currencies. But after Trump postponed the customs tariff after concessions from the countries, the dollar lost the land. Shekel has been further strengthened by Trump’s plans for the United States to include Gaza and is now circulating at levels of seen last month and before that unprecedented since early 2023 before the nation’s judicial reform program was divided.
“The medium and long -term predictions are still unchanged, which is expected to continue with her important direction against the world’s major currencies,” said PORIA’s Chairman or Poria.
Posted by Globes, Israel Business News – En.globes.co.il – on February 5, 2025.
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