The shekel is strengthening this morning against the dollar and euro, reversing a multi-day weakening trend. The dollar is trading at 2.90 shekels and the euro at 3.37 shekels, according to N12.
The Israeli shekel reversed its recent weakening trend against major currencies during morning trading on Monday. The dollar fell to 2.90 shekels and the euro to 3.37 shekels, according to N12. The move follows several days of a weaker shekel amid ongoing regional tensions. As The Zioneer previously reported, the representative dollar rate had jumped to 2.973 shekels on Tuesday, June 10, and briefly approached the psychological 3-shekel level. On Thursday, June 11, the shekel strengthened slightly to 2.965 shekels against the dollar. The current rate of 2.90 shekels marks a return to levels last seen before the escalation.
Source and signal
- Internal intake