US EditionShekel Hits Historic High: Dollar Drops to 3.09 as War Ends
2 Articles
2 Articles
The trading day is expected to open with gains, dual stocks will give the indices a tailwind • The shekel is not stopping, and is trading against the dollar below the 3.09 shekel mark - a record since November 2021 • Gold and silver prices continue to break new records • Reports from technology giants Microsoft, Meta and Tesla were released yesterday - Apple will report today after the close of trading • Also: Jefferies is bullish on Plus500 sha…
Shekel Hits Historic High: Dollar Drops to 3.09 as War Ends
The dollar exchange rate continues to descend and is at its peak decline in Israel. On Wednesday, the conversion rate stood at only 3.09 shekels, reaching levels not seen since 2021-2022. Chief Economist at accounting firm BDO Chen Herzog told Israel Hayom that the sharp decline stems from the strengthening of the shekel, which reflects a decrease in Israel's risk premiums. According to him, this is against the background of the end of the war i…
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