The Israeli shekel continued to trade below the 3-shekel threshold at 2.99 per dollar, with the euro at 3.45, as of 10:19 Jerusalem, according to financial market data. The currency's strength comes amid Wall Street gains and a relative calm in the Strait of Hormuz.
The shekel continued to trade below the 3-shekel threshold at 10:19 Jerusalem, with the dollar at 2.99 shekels and the euro at 3.45 shekels, according to financial market data. The currency's strength was attributed to gains on Wall Street and a relative calm in the Strait of Hormuz, extending the earlier move reported by The Zioneer at 09:34.
At 09:34 Jerusalem, the dollar first dipped below the symbolic 3-shekel level to 2.99, as reported by N12 financial reporter Yuval Sadeh. The initial report was followed by a second dispatch noting the attribution to Wall Street and Hormuz factors. The Zioneer's own reporting at 09:36 confirmed the crossing. The current rates, as of 10:19, show the shekel maintaining its position.
The strengthening comes after a period of volatility driven by the escalation with Iran. As The Zioneer reported on Wednesday, June 10, the shekel had weakened sharply, with the dollar jumping 1.19% to 2.973 shekels, approaching the 3-shekel level amid Iran tensions. The current calm in the Strait of Hormuz and positive sentiment on Wall Street have reversed the trend.
No further developments were reported in the trading session as of 10:19.
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