Shekel Surges to 30-Year High Against Dollar

Israeli shekel hits 30-year high against dollar

Israel's currency, the shekel (NIS), hit a 30-year high against the US dollar on Wednesday, approaching the symbolic barrier of three shekels to the dollar. According to Bank of Israel data, the shekel traded at 3.014 to the dollar at the close of Wednesday's session. The last time the Israeli currency broke below the three-to-one threshold was in 1995, central bank records show. Several factors have contributed to the shekel's appreciation. "Th…

Shekel strongest since 1995, drops near psychological barrier of NIS 3 to the dollar

Dollar falls below NIS 3 for first time in over 30 years, annual inflation rate declines

Avraham Novogrocki, president of Israel’s Manufacturers’ Association, which represents some 1,500 firms and 400,000 workers, said the strong shekel posed a risk to the economy.

Shekel surges to 30-year high against the dollar

For months, the shekel has been consolidating its position as one of the strongest-performing currencies against the U.S. dollar this year, gaining more than 20%. By JNS The Israeli shekel broke through what many see as a symbolic three-NIS-per-dollar barrier on Wednesday, reaching its strongest level against the U.S. currency in more than three decades. The rate of 2.99 shekels to the dollar, a level last seen in October 1995, is thought to ref…

Shekel Surges to 30-Year High Against Dollar

(JNS) – The Israeli shekel broke through what many see as a symbolic three-NIS-per-dollar barrier on Wednesday, reaching its strongest level against the U.S. currency in more than three decades. The rate of 2.99 shekels to the dollar, a level last seen in October 1995, is thought to reflect investor optimism tied in part to […]

Shekel-dollar rate dips below NIS 3/$

The shekel-US dollar exchange rate has fallen below NIS 3/$ for the first time since October 1995, as the Israeli currency continues to strengthen.