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شبكة قدس الإخبارية
Reasons for shekel's two-month low
The Israeli shekel has fallen against the dollar to its lowest level in about two months, reaching approximately 3.07 shekels per dollar. This decline is attributed to multiple factors, including rising U.S. bond yields, an increasing interest rate differential with the United States, Middle East tensions, and the global strength of the dollar. Reports warn that this downturn may be temporary or the start of a period of weakness for the Israeli currency, driven by geopolitical and economic factors, as the dollar continues to rise and expectations of ongoing monetary tightening in the U.S. persist. Additionally, the local market is influenced by fluctuations in energy prices and regional tensions, with cautious optimism regarding the stability of the situation in the region.
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