Israeli Currency Drops Sharply as Election Results Emerge
Translated & summarized from Ynet by baba
The Israeli Shekel weakened significantly against the dollar and euro on Sunday, reaching a one-month low against the dollar. The dollar fell about 2% to 3.02 shekels, while the euro dropped to around 3.37 shekels. This depreciation erased recent gains, with the dollar losing approximately 3% of its value since Friday.
The story in 4 lines · by baba
- The Israeli Shekel weakened by about 2% against the dollar on Sunday.
- The dollar reached its lowest point against the shekel in a month.
- The euro also saw a significant drop against the shekel.
- The dollar has lost approximately 3% of its value since Friday.
The Israeli Shekel saw a significant depreciation against major currencies on Sunday, with the dollar weakening by approximately 2% to trade around 3.02 shekels, its lowest point in about a month. The euro experienced an even steeper decline, trading near 3.37 shekels. Cumulatively, the dollar has lost about 3% of its value since Friday, when it stood at 3.11 shekels. The euro's depreciation over the same period was more pronounced, falling from 3.48 shekels. This rapid decline erased a substantial portion of the gains these currencies had made against the shekel in the preceding month.
