On Friday, the Bank of Israel set the representative shekel-dollar rate 0.506% higher, at NIS 3.575/$.
Bank of America published a forecast about the Israeli currency. The bank's analysts expect the shekel to continue to strengthen if the ceasefire agreements are fully implemented.
The US dollar surged in Q4 2024, backed by aggressive hedge fund positioning and widespread emerging market currency selloffs, while showing particular strength against major peers.
The shekel recorded significant gains against the dollar and the euro, with the dollar currently trading at 3.62 shekels, a decrease of about 1.3%, and the euro falling by 0.8% to 3.71 shekels.
The Bank of Israel set the representative shekel-dollar rate down 0.248% from Monday, at NIS 3.627/$.
Indian businesses remain cautious about BRICS’ shared currency plans, citing risks to global trade ties, reliance on the US dollar, and concerns over China’s influence within the bloc.
Costa shared his bullish outlook for precious metals, particularly gold and silver. He believes that the US dollar is overvalued and that it is poised for a significant decline.
UBS is bullish on gold in 2025, citing lower interest rates, geopolitical risks, and a strong dollar as potential drivers of investor and central bank buying.
President-elect suggests 100% tariffs for any country seeking to undermine the U.S. dollar
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