Dollar Nears 3 Shekels as Tel Aviv Shares Fall Again
For the first time since early April, the U.S. dollar is trading at around 3 shekels, about four agorot higher than yesterday’s official rate. The dollar has strengthened throughout the month, after trading near 2.80 shekels at the start of June.
The move comes against the backdrop of a reported emerging agreement between Iran and the United States to end the conflict in the Middle East, as well as what the article describes as Israel’s worsening entanglement in Lebanon.
At the same time, trading on the Tel Aviv Stock Exchange opened with declines of more than 1% in the main indices. The TA-35 was down 1%, the TA-125 fell 1.2%, and the TA-90 lost 1.5%.
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