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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.
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Free AccessShekel Extends Recovery, Work On Judicial Overhaul Continues Full Steam Ahead
USD/ILS continues to tick away from its recent cyclical high, losing altitude for the third consecutive day. The rate last sits -35 pips at ILS3.6487 and bears look for losses past Mar 9 low of ILS3.5669. On the topside, Mar 20 high of ILS3.7130 remains the key target.
- The government is pressing ahead with its judicial overhaul despite ongoing street protests. Finance Minister Bezalel Smotrich reiterated that key bills will be passed next week, with the Knesset's legal committee expected to greenlight the main pillar of the reform as soon as today.
- Israel's trade deficit shrank to $2.619bn in February from the revised $3.011bn prior.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.