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ILS: Shekel Strengthens, US Envoy Arrives In Israel

ILS

Spot USD/ILS trades -79 pips at 3.7344 as the shekel outperforms in EMEA FX space, while the BBDXY Index is little changed on the day. Familiar technical levels remain in play, as USD/ILS struggles to break out of its recent range.

  • US envoy Amos Hochstein touched down in Israel last night amid his ongoing attempts to make progress in Israel-Hezbollah ceasefire talks. Israel's ruling Likud party said that Hochstein was scheduled to meet with PM Netanyahu this afternoon after speaking with Strategic Affairs Minister Ron Dermer last night.
  • The Bank of Israel will announce its next monetary policy decision on Monday, with most expecting the base rate to stay on hold.
  • The TA-35 Index has faltered and last operates 0.6% below neutral levels.
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Spot USD/ILS trades -79 pips at 3.7344 as the shekel outperforms in EMEA FX space, while the BBDXY Index is little changed on the day. Familiar technical levels remain in play, as USD/ILS struggles to break out of its recent range.

  • US envoy Amos Hochstein touched down in Israel last night amid his ongoing attempts to make progress in Israel-Hezbollah ceasefire talks. Israel's ruling Likud party said that Hochstein was scheduled to meet with PM Netanyahu this afternoon after speaking with Strategic Affairs Minister Ron Dermer last night.
  • The Bank of Israel will announce its next monetary policy decision on Monday, with most expecting the base rate to stay on hold.
  • The TA-35 Index has faltered and last operates 0.6% below neutral levels.