Dollar Hits Six-Month High Against Shekel, Nearing NIS 3.10
The US dollar surged to a six-month high against the Israeli shekel, nearing NIS 3.10, amid US inflation data and geopolitical concerns.
The US dollar surged to a six-month high against the Israeli shekel, nearing NIS 3.10, amid US inflation data and geopolitical concerns.
The U.S. dollar surged to NIS 3.082 against the shekel, reaching an 18-month global high, while the euro weakened amid fiscal concerns.
Israel's September budget deficit hit NIS 10.1 billion, with real estate tax revenue down 18% year-on-year.
Starting Monday, Israel's 95-octane gasoline price will drop to NIS 7.77 per liter, thanks to a reduction in fuel excise tax by Finance Minister Bezalel.
Israeli mutual funds attracted NIS 6.5 billion in September, with money-market and lower-risk funds seeing significant investor demand.
The U.S. dollar rose above NIS 3.05 against the shekel due to global factors like oil prices, U.S. yields, and Iran tensions.
The dollar hit a one-month high against the Israeli shekel, trading near NIS 3.045, with Wall Street losses and inflation fears driving demand.