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ILS: Downside USD/ILS Momentum Accelerates Through 200-DMA

ILS

USD/ILS has not reacted to the above-expectations CPI print, though the pair had already recorded a solid ~0.6% dip prior to the release. Optimism surrounding ongoing ceasefire talks may be supporting the shekel, with downside USD/ILS momentum accelerating through the 200-DMA at 3.6985 earlier today – an average which limited losses on Wednesday. We now sit 4.5% lower compared to last week’s highs.

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