Shekel weakens amid Iran attack concerns

Published date11 April 2024
AuthorGlobes correspondent
Publication titleGlobes (Rishon LeZion, Israel)
Yesterday, the Bank of Israel set the representative shekel-dollar rate up 0.732% from Tuesday, at NIS 3.714/$, and the representative shekel-euro rate was set 0.599% higher at NIS 4.032/€

Prico Risk Management, Finance and Investment CEO Yossi Fraiman says, "Concern about a security event directly with Iran alongside the moderation in foreign currency conversions by exporters are contributing to excess demand on the local foreign currency exchange market and to the depreciation of the shekel. We estimate that if an...

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