Despite not having a national budget approved for 2025, a labor crisis, and a ceasefire that could collapse at any moment, Israel still shows signs of optimism.
On Wednesday, the Bank of Israel set the representative shekel-dollar rate down 0.859% from Monday.
The shekel was trading at 3.56 versus the dollar, a change of 0.06% from Tuesday's close by 0822 GMT.
Treasury official to Post: The continuing budget has the advantage of slowing expenditure, which moderates the deficit, but this comes with uncertainty and limits on the government to plan and act.
On Friday, the Bank of Israel set the representative shekel-dollar rate 0.506% higher, at NIS 3.575/$.
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Bank of America published a forecast about the Israeli currency. The bank's analysts expect the shekel to continue to strengthen if the ceasefire agreements are fully implemented.
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The shekel recorded significant gains against the dollar and the euro, with the dollar currently trading at 3.62 shekels, a decrease of about 1.3%, and the euro falling by 0.8% to 3.71 shekels.
The Bank of Israel set the representative shekel-dollar rate down 0.248% from Monday, at NIS 3.627/$.
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