23 Hrs
Source:
شبكة فلسطين الإخبارية
Reasons for dollar falling below 3 shekels
The value of the dollar against the shekel has decreased to approximately 2.96 shekels, marking a decline from the three-shekel level that had persisted for a long period since April. This decline is attributed to three main reasons: the rise in global stock indexes, especially in the United States, which led to a weakening of the dollar; a decrease in the likelihood of interest rate hikes in the United States due to negative indicators concerning growth and unemployment; and geopolitical developments in the region, including the implementation of the second phase of the Gaza agreement. Although the lowest exchange rate recorded was around 2.80 shekels in May, the dollar remains above that level. It is expected that the dollar will rise again soon with the decline in the consumer price index and the potential for an interest rate cut in Israel, as the shekel's strength is considered temporary and linked to economic and political fluctuations.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)