The dollar rate jumps by 1% and trades for NIS 3.77

Posted on Jul 31, 2024 by Ifi Reporter - Dan Bielski

The dollar rate jumps by 1% and trades for NIS 3.77 amid the strategic events of the past day in Lebanon and Iran. The representative yesterday was NIS 3.733. Just a week ago, the dollar traded for NIS 3.60. The euro also jumps by 1% to 4.08%.
Tonight senior Hamas leader Ismail Haniyeh was killed in Tehran and last night the IDF killed senior Hizballah Fuad Shukar in Beirut. The head of Hamas's political bureau was killed a few hours after Hizballah's "highest military commander" was killed in Beirut.
The dollar traded stable against its Japanese counterpart for 152.69 yen to the dollar. The Central Bank of Japan BOJ raised the interest rate in the economy to 0.25% from 0%-0.1% and indicated that it will reduce government bond purchases to the extent of 3 trillion yen starting in January 2026.
Ronan Menachem, Chief Markets Economist, Mizrahi Tefahot: "The environment of uncertainty surrounding the market is acute and as a rule will cause hesitation and volatility in trading. In the market, we will wait to see if and how Hamas and Hezbollah will respond to the event, while being aware of the declared affinity between the two arenas and the fact that an assassination was carried out on Iranian soil."


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