The shekel weakened past 3.0 to the dollar during Friday trading, reaching 3.002 per dollar and 3.41 per euro, according to Israeli financial reports. The move follows a return to the same level earlier this week that The Zioneer reported on Friday morning.
The Israeli shekel weakened against the dollar and euro in Friday afternoon trading, crossing back past the psychologically significant 3-shekel mark to trade at 3.002 per dollar and 3.41 per euro, according to Israeli financial reports.
This follows a series of fluctuations the desk has tracked this week. On Friday morning, the shekel had already weakened past the 3-shekel mark during early trading, with the Tel Aviv Stock Exchange opening with losses of over 1%. Earlier in the week, the dollar had briefly returned to the 3-shekel level on Tuesday evening for the first time since April.
No new specific catalyst was cited in the brief Friday afternoon update.
2 developments
Source and signal
- Internal intake