Dollar Climbs to Near One-Year High Against Shekel Amid Political Uncertainty and Wall Street Declines

In depth

The dollar strengthened against the shekel over the past two weeks. According to Arutz Sheva, the shekel weakened due to political uncertainty, and the dollar traded at its highest level since March. According to Calcalist, the rate rose to about 3.17 shekels, a high since late March.

On Friday, sharp declines were recorded on Wall Street. According to Calcalist, institutional investors sold shekels and bought dollars. According to Ynet, the dollar climbed to 3.22 shekels and then fell to about 3.19 shekels after Liberman's statement on the need to compromise with the Haredim on the conscription issue, while the TA-35 index surged 3.09%.

According to Globes, the dollar jumped 2% in the morning to a level of 3.22 shekels, and the rise eased later. According to Arutz Sheva, the Tel Aviv Stock Exchange recorded gains of 2.5% in the TA-125 and TA-35 indexes the following day.