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

The shekel weakened past 2.94 to the dollar on Wednesday, approaching the 3 NIS per USD support level, amid renewed fears of war with Iran. Dollar holders have gained nearly 10% from the May lows around 2.80, according to reports. The Bank of Israel is reportedly intervening to stabilize the currency, though specific measures have not been detailed.

2 developments

1. 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

• Developing16:11 · 8 JunShekel weakens as dollar jumps 1.2% to 2.943 shekels

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