The Israeli shekel weakened against major currencies in Tuesday afternoon trading, with the Bank of Israel fixing the representative dollar rate at 3.058 shekels, up 0.59%, and the euro at 3.475 shekels, up 0.43%, according to N12.
The shekel weakened against the dollar and euro in Tuesday afternoon trading, with the Bank of Israel's representative rates rising to 3.058 shekels per dollar and 3.475 shekels per euro, according to N12.
The dollar has been trading above the symbolic 3-shekel level since early July, with the shekel under pressure from geopolitical tensions and global currency movements. The Zioneer reported the dollar crossing 3 shekels on July 2 (3.002), July 7 (3.029), July 13 (3.025), July 16 (3.005), July 21 (3.049), and reaching a three-month high of 3.061 on July 22. Tuesday's rate of 3.058 is the second-highest in that series, just below the July 22 peak.
The euro also rose, with the representative rate climbing to 3.475 shekels, the highest since July 21 (3.482).
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