dollar

The shekel continues to trade at its strongest levels against the dollar since early 2023.

McDonald discussed the current state of the global economy and the potential for a financial crisis.

On Wednesday, the Bank of Israel set the representative shekel-dollar rate down 0.859% from Monday.

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.