Priko: With no distinctive safety incidents and a steady provide of overseas foreign money, the greenback will depreciate once more in opposition to the shekel.
The shekel is falling right now amid issues about an imminent assault on Israel by Iran or its proxies. In late morning interbank buying and selling, the shekel was up 1.30% in opposition to the greenback at 3.762 per greenback, and in opposition to the euro 0.30% at 4.044 per euro.
Yesterday, the Bank of Israel set the consultant shekel-dollar charge at NIS 3.714/$, 0.732% increased than Tuesday, and the consultant shekel-euro charge at NIS 4.032/€, 0.599% increased.
Yossi Freiman, CEO of Prico Risk Management, Finance and Investments, stated: “Concerns about direct safety incidents with Iran and moderation of overseas foreign money translation by exporters are driving native This is contributing to extra demand within the overseas foreign money alternate market and the depreciation of the shekel.” We count on the greenback to weaken once more in opposition to the shekel within the absence of any distinctive safety incidents and with steady overseas alternate provides. ”
Published by Globes, Israel Business News – en.globes.co.il – on April 11, 2024.
© Globes Publisher Itonut (1983) Ltd., Copyright 2024.
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