The Israeli shekel weakened against major currencies in Wednesday afternoon trading, with the Bank of Israel fixing the representative euro rate at 3.471 shekels, up 0.28%, and the dollar at 3.044 shekels, up 0.50%, according to financial reporter Lior Bakalo. The move extends the shekel's decline amid the ongoing escalation in the Persian Gulf.
The shekel's decline continued in Wednesday afternoon trading, with the Bank of Israel fixing the dollar at 3.044 shekels and the euro at 3.471 shekels, according to financial reporter Lior Bakalo. The move follows a similar fixing reported by N12 at 15:46, as The Zioneer noted earlier. The shekel has been under pressure since the escalation with Iran intensified, with the dollar crossing the 3-shekel threshold earlier this week. Earlier Wednesday, The Zioneer reported that the Tel Aviv Stock Exchange fell and oil prices rose amid the same geopolitical tensions.
2 developments
Source and signal
A single-sourced dispatch is never rated Confirmed or Strong. Its Signal strengthens only when a second, independent source corroborates it.
- Internal intake