Investors fear rapid deterioration in Israel

Investors fear rapid deterioration in Israel

The forex market opened Wednesday morning with the dollar gaining around 0.8%, trading above 3.8 shekels - a six-month high. Trading room sources said that most of the activity is coming from institutional investors moving funds out of Israel. This follows the sharp impression left by Prime Minister Benjamin Netanyahu's so-called "ambush" meeting with Trump, and the formal implementation of the tariff plan today. Trading analysts explained the d…

Shekel slide resumes amid escalating tariff war

The Bank of Israel is not expected to intervene in the forex market despite the sharp depreciation of the shekel.

Forex market trading opens with significant dollar inflows in trading rooms • The activity is currently by Israeli institutions and reflects concerns that Trump's tariff plan, which went into effect today, will accelerate the deterioration of the local economy