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ILS: Shekel Regains Poise After Sharp Sell-Off

ILS
EM BulletBulletGlobalEmerging Market NewsMiddle EastRegion

Spot USD/ILS snaps its winning streak and last deals at 3.7564, down 168 pips on the session, with bears setting their sights on 3.6056, which limited losses on Aug 30. On the topside, the focus is on Aug 6 high of 3.8533.

  • Hamas confirmed that its negotiating team met with Qatar's PM and Egypt's intelligence chief, confirming that it remains ready to implement the ceasefire agreement based on the original US proposal without new conditions.
  • A senior budget official warned lawmakers that interest rate costs would increase further if budget restraints are not implemented, while also flagging concern about the consumption-driven structure of GDP growth.
  • The minutes of the most recent BoI monetary policy meeting showed that the on-hold decision was unanimous and the discussion "focused on the impacts of the geopolitical environment on the economy and on economic developments."
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Spot USD/ILS snaps its winning streak and last deals at 3.7564, down 168 pips on the session, with bears setting their sights on 3.6056, which limited losses on Aug 30. On the topside, the focus is on Aug 6 high of 3.8533.

  • Hamas confirmed that its negotiating team met with Qatar's PM and Egypt's intelligence chief, confirming that it remains ready to implement the ceasefire agreement based on the original US proposal without new conditions.
  • A senior budget official warned lawmakers that interest rate costs would increase further if budget restraints are not implemented, while also flagging concern about the consumption-driven structure of GDP growth.
  • The minutes of the most recent BoI monetary policy meeting showed that the on-hold decision was unanimous and the discussion "focused on the impacts of the geopolitical environment on the economy and on economic developments."