The shekel strengthened again today (Thursday) against the dollar, and is now trading at a level of 3.61 - an increase of 0.4%.
This after a particularly volatile day.
The trading day opened last night with a sharp devaluation of the shekel, which even came to trade at a level of 3.69 against the dollar, and after the publication of a rate showing the trend reversed and the shekel strengthened again - a trend that continues until now.
However, we note that since the beginning of the month, the shekel has weakened by about 6% against the dollar.
A senior foreign exchange trader explained to Israel Hayom that the strengthening of the shekel today is mainly related to the fact that the legal reform has dropped from the headlines for the time being. According to him, the Bank of Israel has not intervened in foreign exchange trading and is not expected to intervene, unless the dollar jumps to levels of 4 shekels more within a short period of time.
The shekel is also strengthening the euro by about 0.5% and is now trading around the level of 3.83, against the pound the shekel is trading up 0.45% at the level of 4.35.
The Barosa in Tel Aviv trades with slight declines: Tel Aviv 35 falls by about 0.6%, Tel Aviv 125 by about 0.4%.
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