The Israeli shekel weakened slightly against major currencies in Monday afternoon trading, with the Bank of Israel fixing the representative dollar rate at 3.059 shekels, up 0.07%, and the euro at 3.524 shekels, up 0.13%, according to N12.
The modest decline follows a period of gradual weakening for the shekel in recent weeks. As The Zioneer has reported, the dollar has hovered around 3.05–3.07 shekels since early July, after crossing above the symbolic 3-shekel threshold. Monday's move—a 0.07% rise in the dollar and 0.13% in the euro—is in line with that trend. The shekel remains under pressure amid ongoing geopolitical tensions, though the change was small.
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