The U.S. dollar is trading around the 3-shekel level on Tuesday morning, crossing the psychological threshold for the first time since early April, according to i24NEWS. The move continues a weakening trend for the shekel amid regional security pressures.
The dollar's climb toward the 3-shekel mark marks a continued erosion of the Israeli currency after a period of relative stability in late spring. As The Zioneer reported at 10:29, the dollar's rise is being described by analysts as a 'double story' driven both by global currency trends and local security pressures, particularly the ongoing escalation with Iran. The shekel had been trading well below 3 shekels since early April, making this a notable psychological and economic milestone. No specific intervention by the Bank of Israel has been reported this morning.
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