Free Trial

Shekel Extends Gains Ahead Of Rate Decision

ILS

USD/ILS continues to trade with a bearish bias, extending its earlier losses in the lead-up to the announcement of the Bank of Israel's monetary policy decision. The rate last deals -81 pips at ILS3.5880, familiar technical levels remain in play.

  • Israel's central bank are expected to slow the pace of rate hikes to 25bp today. All 12 economists polled by Bloomberg penciled in a quarter-point hike. The rate announcement will be made at the top of the hour.
  • Elsewhere, local media reported that PM Netanyahu decided to defer the sacking of Defence Minister Gallant amid concerns over national security.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.