After reaching its strongest for two years against the US dollar last week, shekels weakened sharply today against both the dollar and the euro. Early in the afternoon, the SHEKEL-Us Dollar exchange rate increased by 1.14 % at 3.616/$, and the Shekel-Euro rate increases by 1.19 %, at 3.796/€ NIS.
On Friday, the Bank of Israel determined the SHEKEL-DOLLAR rate of 0.506 %, at 3.575/$ NIS, and the Shekel-Euro rate was determined by 1.291 %, at 3.751/€.
The Chairman of the Poria Financial Board or Poria indicated that “Shekel is weakening against the main currencies this morning, probably as a result of a mixture of correcting sharp increases recorded in recent weeks, as well as sharp declines in global stock markets. These declines. They affect Shekel, which appears Negative relationship with market trends.
He added: “However, medium and long -term predictions are still unchanged, and still indicate a major strengthening of the shekel against major currencies in the world.”
After a significant decrease in Wall Street futures, Chinese Deepseek rose AI Rockk Stocks Global Technology on Monday, raising questions about American technological dominance, the Tel Aviv 35 index fell by 2.27 % at 2,463.54 points, and the AVIV 125 Tel index fell 2.31 % to 2,499.56 points.
It was published by Globes, Israel Business News – En.globes.co.il – on January 27, 2025.
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