The shekel fell past the 3-shekel mark against the dollar during Friday morning trading, reaching 3.002 per dollar. The Tel Aviv Stock Exchange opened with losses of over 1% as trading resumed after the weekend.
The shekel weakened past the symbolic 3-shekel-per-dollar threshold on Friday morning, trading at 3.002 against the dollar and 3.41 against the euro, according to market reports. The Tel Aviv Stock Exchange opened Friday's session with broad declines of over 1%.
The move continues a trend of shekel weakening The Zioneer has tracked through the week. On Wednesday the dollar approached 3 shekels before settling at 2.973; on Monday it had risen 1.2% to 2.943. Friday's break above 3 is the first time the shekel has traded at that level since late April, reflecting sustained pressure from the ongoing security escalation with Iran.
Friday's trading session is shorter than usual. No Bank of Israel fixing has been reported yet for today; the figure above reflects live interbank quotes. The shekel has lost over 3% against the dollar since the start of the week.
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