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Dollar and Euro Decline Against Israeli Shekel Amid Global Market Shifts
The U.S. dollar and euro weakened against the Israeli shekel on September 29, while strengthening in global markets. This occurred as investors awaited key U.S. economic data, including inflation and employment reports, and anticipated potential Federal Reserve interest rate hikes.
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What happened
- 01Dollar and euro fell against the Israeli shekel on September 29.
- 02Dollar strengthened globally, while euro weakened against the dollar.
- 03Markets await U.S. PCE inflation and jobs reports.
- 04Expectations for U.S. interest rate hikes have increased significantly.
- 05Bond yields and interest rate expectations are influencing market dynamics.
The coverage
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How it broke
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