YnetnewsEconomy
Shekel Surges to 3-Week High as Dollar and Euro Decline
Summarized from Ynetnews by baba
CenterNeutral tone
The Israeli shekel strengthened significantly on election day, reaching a three-week high against the U.S. dollar. The dollar fell about 2% to trade at 3.02 shekels, while the euro dropped even more. This marks a reversal of recent gains for the dollar, erasing much of its previous month's appreciation within two days.
The story in 5 lines · by baba
- The Israeli shekel reached a three-week high against the U.S. dollar on election day.
- The U.S. dollar weakened by approximately 2% to trade around 3.02 shekels.
- The euro also declined, trading at about 3.37 shekels.
- The dollar has lost about 3% since Friday, reversing recent gains.
- The euro's decline was even more pronounced over the same period.
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