the dollar continues to strengthen against the shekel to NIS 3.61 due to the terrorist attack
Posted on Jun 20, 2023 by Ifi Reporter
n foreign exchange trading, the dollar continues to strengthen against the shekel and today it is based above the level of technical resistance that was at NIS 3.6 and it is trading at a level of NIS 3.61. In the foreign exchange market today it is said that the nerves are at their most frayed and the fear of the current government is high and therefore any deterioration in the security situation that previously was Encountered with indifference in the capital market, today it serves as an accelerator for withdrawing funds from Israel.
As of noon, news began to be published about an attack in Samaria that claimed the lives of 4 Israelis. In the foreign exchange market, they said that there is a fear of a disproportionate response by the government that will worsen relations with the world, instead of the surgical action that characterized Israel's responses to previous attacks.
One way or another, the dollar has reestablished itself above the NIS 3.6 level and it seems that the American currency is slowly making its way to the NIS 3.65 area, which is already bad for the economy.
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