Tel Aviv Stock Exchange falls 0.9%, dollar strengthens to 3.05 shekels

The TA-35 index declined 0.9% in midday trading Friday, while the U.S. dollar gained 1.3% against the shekel to reach 3.05 shekels, according to market data.

The Tel Aviv Stock Exchange extended its recent weakness on Friday, with the TA-35 index slipping 0.9% in midday trading. The U.S. dollar strengthened 1.3% against the shekel to 3.05 shekels. The shekel has been under pressure in recent weeks, with the dollar repeatedly approaching the 3-shekel mark amid the security escalation, as The Zioneer has previously reported. No specific catalyst was cited for today's moves.

5 developments

1. 17 minutes ago · 15:01 · 17 JulLatest

   Financial reporter Yuval Shadeh confirms Bank of Israel rate at 3.05.

2. 14:58 · 17 Jul

   Escalation between US and Iran cited as driver for currency weakness.

3. 14:34 · 17 Jul

   Bank of Israel sets representative rate at 3.05 shekels per dollar.

• Developing4 days ago · 15:30 · 13 JulShekel weakens: dollar climbs 0.63% to 3.025, euro up 0.59% to 3.457
• Strong13:17 · 26 JunShekel crosses back past 3 per dollar as trading resumes
• Developing15:42 · 9 JulShekel strengthens, dollar falls to 3.032 shekels as Gulf fighting resumes

Source and signal

A single-sourced dispatch is never rated Confirmed or Strong. Its Signal strengthens only when a second, independent source corroborates it.

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