The Israeli shekel strengthened against the dollar and euro in afternoon trading on Friday. The representative dollar rate fell 0.27% to 2.965 shekels, while the euro dropped 0.42% to 3.420 shekels, according to the Bank of Israel's daily fixing reported by N12.
The shekel reversed recent weakness on Friday, gaining against both the dollar and euro after several days of depreciation. The 0.27% decline in the dollar's representative rate to 2.965 shekels brought the U.S. currency back below the 3-shekel threshold it had approached earlier in the week. As The Zioneer reported on June 10, the dollar had jumped 1.19% to 2.973 shekels amid the escalation with Iran. The euro's 0.42% fall to 3.420 shekels also marked a recovery from the previous day's levels. The movement comes as markets digest the broader security situation, with no major new escalation reported during Friday's trading.
- DevelopingShekel softens slightly; dollar and euro edge up in Tuesday fixing
- DevelopingShekel weakens as dollar jumps 1.2% to 2.943 shekels
- DevelopingShekel trades mixed against major currencies, dollar dips 0.17%
- StrongShekel strengthens as Bank of Israel fixes dollar at 2.907 after technical glitch fix
Source and signal
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