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

Posted on Jul 31, 2024 by Ifi Reporter

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."


ABOUT IFI TODAY

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum

Newsline

Matrix and Magic Announce Merger Deal - Creating $2.14 Billion IT Services Giant

Mar 11, 2025 by Ifi Reporter

In a significant move within the Israeli tech sector, software companies Matrix and Magic confirmed on Tuesday that they have signed a memorandum of understanding to begin negotiations for a merger. According to the deal, Matrix will acquire all of Magic’s shares in a reverse triangular... Continue reading →

Delek Group to Become Controlling Shareholder Following 1.3 Billion Shekel Investment

Feb 20, 2025 by Ifi Reporter

American blockchain analytics firm Chainalysis has acquired Israeli cybersecurity startup Hexagate, a company specializing in Web 3.0 and blockchain security solutions. While the purchase price was not disclosed, industry estimates place it around $60... Continue reading →

Israeli Cybersecurity Company Skybox Security Shuts Down, Lays Off All Employees

Feb 19, 2025 by Ifi Reporter

Skybox Security, an Israeli cybersecurity firm, has laid off all of its employees and ceased its operations, marking the end of nearly 23 years in business. The company, which employed an estimated 100 workers in Israel and an additional 200 in the United States, made the difficult decision to... Continue reading →


Testimonials

No testimonials. Click here to add your testimonials.