The Israeli shekel weakened in afternoon trading Thursday, with the Bank of Israel fixing the representative dollar rate at 3.002 shekels, a 0.77% rise that pushed the dollar back above the symbolic 3-shekel threshold, according to N12. The euro fixed at 3.424 shekels, up 0.87%.
The shekel weakened against major currencies in Thursday afternoon trading, with the dollar's representative rate rising 0.77% to 3.002 shekels, crossing back above the symbolic 3-shekel threshold, according to data reported by N12. The representative euro rate rose 0.87% to 3.424 shekels.
The move follows a period of mixed trading around the 3-shekel level in recent weeks, as The Zioneer reported. The dollar briefly crossed above 3 shekels on June 26 before retreating, and has since traded in a narrow range near the psychological barrier. The new fixing reflects continued pressure on the local currency amid the ongoing security situation, as the shekel remains sensitive to geopolitical developments.
Source and signal
- Internal intake