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USD/ILS Shows Below Its 50-DMA Amid Domestic Political Turmoil


Spot USD/ILS remains under pressure and last changes hands at ILS3.5434, down 390 pips on the session, and is testing support from its 50-DMA as a result. The moving average kicks in at ILS3.5430 after limiting losses on Mar 23. A clean breach of that 50-DMA would open up the ILS3.5 round figure.

  • The choir of voices calling on Prime Minister Netanyahu to stop his judicial overhaul is growing as more Likud moderates rally behind the idea. Meanwhile, the Premier is facing a revolt from far-right coalition partners, who are insisting that he presses ahead with the contentious reforms.

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