The shekel is getting stronger, but for the wrong reasons – analysis
Amid the ongoing war between Israel and Hamas, a peculiar financial trend has caught the attention of experts and market observers: the strengthening of the shekel against major currencies. Despite the tumultuous Iron Swords operation in Gaza, the representative shekel-dollar exchange rate unexpectedly fell by 0.47% on Friday to NIS 3.5990/$, reaching its lowest level since July. This counterintuitive phenomenon has spurred an in-depth analysis to uncover the intricate factors contributing to the shekel’s apparent resilience.Local factors at playRecent uncertainties surrounding the state budget have raised concerns about fiscal...
