Shekel

The shekel has sunk to its weakest rate against the dollar since 2016. This afternoon the Bank of Israel set the representative shekel-dollar rate up 0.416% from Tuesday, at NIS 3.861/$, and the representative shekel-euro…

The shekel is weakening against the dollar and the euro. In afternoon inter-bank trading, the shekel-dollar rate is 0.71% higher at NIS 3.846/$, and the shekel-euro rate is 0.15% higher at NIS 4.055/€. Yesterday,…

Updated 17.00 The shekel is weakening today against the dollar and against the euro after the latest US price rise data show that annual inflation has risen to 3.7%, fuelling fears of more US Fed rate hikes. …

The Central Bank of Israel is considering the issuance of a digital shekel to enhance the country’s payment system. However, the decision to launch the financial instrument remains a topic of debate, echoing similar discussions in advanced…

Following the sharp depreciation of the shekel in the past few months, Deutsche Bank has come out with a recommendation against buying the Israeli currency, which it says may look cheap, but is not attractive. …

The Israeli currency is again weakening today. In morning inter-bank trading, the shekel-dollar rate is 1.11% higher at NIS 3.850/$, and the shekel-euro rate is 0.85% higher at NIS 4.125/€. Yesterday, the Bank of…

During Thursday’s session, the shekel- US dollar exchange rate reached NIS 3.78/$, and it continued to rise on Friday, with the representative rate being set at NIS 3.7930/$. The shekel-euro representative rate was set at…

The Tel Aviv Stock Exchange changed direction over the past week and the shekel was rising strongly. Since the beginning of the month, the Tel Aviv 35 Index is up 8% including 5.26% over the past two sessions while the…

The shekel rose sharply today against the dollar and stabilized against the euro. In the afternoon dealings between banks, the shekel exchange rate against the dollar decreased by 1.29%, at 3.618 shekels / dollar, and…

“I see 2023 as a transition year. Last year, we saw the world suffer from the shock of hyperinflation, completely shutting down China and its economy as well, and that created a supply chain crisis all over the world.…