Israeli Shekel Erases Nearly All of 2026 Gains Amid Dollar Surge
Translated & summarized from Maariv by baba
The Israeli shekel has lost nearly all of its year-to-date gains as the dollar rose to 3.17 shekels, influenced by U.S. midterm election results and geopolitical tensions. Experts are divided on the currency's future, though one analyst sees current weakness as a buying opportunity for the medium to long term.
The story in 5 lines · by baba
- The Israeli shekel has lost almost all of its gains from the start of the year.
- The dollar reached 3.17 shekels, erasing most of the shekel's strengthening.
- The currency's weakening is occurring amidst U.S. midterm election results and geopolitical tensions.
- Experts hold differing views on the future trend of the shekel.
- One analyst views the current currency drop as a medium-to-long-term buying opportunity.
The Israeli shekel has weakened significantly, losing almost all of its gains from the beginning of the year. The dollar climbed to 3.17 shekels, erasing most of the shekel's strengthening trend. This development comes against the backdrop of the Democratic Party's victory in the U.S. midterm elections and ongoing geopolitical tensions.
Experts are divided on the implications for Israel and the future direction of the currency. Despite the current dollar rise, Ariel Feiglin believes the shekel will strengthen again in the medium to long term. He views the surges in the dollar and euro as opportunities to sell foreign currency and buy shekels, rather than indicators of a lasting trend reversal.
Feiglin also sees the declines in stock markets as potential buying opportunities for medium and long-term investors.
