Shekel sharply weakens in thin holiday trading
Bank Hapoalim chief strategist Modi Shafrir: The geopolitical picture continues to weigh on the Israeli currency.
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Bank Hapoalim chief strategist Modi Shafrir: The geopolitical picture continues to weigh on the Israeli currency.
With inflation falling, estimates have changed and more and more economists believe we will see a further interest rate cut this month.
With inflation falling, estimates have changed and more and more economists believe we will see a further interest rate cut this month.
Bank Hapoalim: The credit rating cut was expected and has been priced into the market but lowering the credit outlook was unexpected.
Strong rises on Wall Street, the weakness of the dollar worldwide and optimism on a Gaza ceasefire are among reasons for the Israeli currency's appreciation.