Shekel weakens as dollar jumps 1.2% to near 3 shekels

The shekel weakened sharply against major currencies during morning trading on Tuesday, with the representative dollar rate jumping 1.19% to 2.973 shekels, approaching the psychological 3-shekel level. The euro rose 1.04% to 3.435 shekels, according to the Bank of Israel's daily fixing, as the escalation with Iran continues to pressure the local currency.

2 developments

1. 3 days ago · 15:28 · 10 JunLatest

   Bank of Israel sets representative dollar rate at 2.973 shekels, up 1.19%

2. 13:29 · 10 Jun

   Shekel weakens toward 3 per dollar on Iran war fears, Bank of Israel said to intervene

• Developing5 days ago · 16:11 · 8 JunShekel weakens as dollar jumps 1.2% to 2.943 shekels
• Developing4 days ago · 15:41 · 9 JunShekel trades mixed against major currencies, dollar dips 0.17%
• Developing5 days ago · 10:23 · 8 JunTel Aviv Stock Exchange plunges, dollar nears 3 shekels amid Iran escalation
• Developingyesterday · 20:44 · 11 JunShekel strengthens along with markets amid Iran developments

Source and signal

• Internal intake