Economy · Full coverage
Bank of America Sees the Dollar Rebounding Against the Shekel
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
First reported by Globes · 18 hours ago
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What happened
Bank of America says the dollar could gain about 5% against the shekel after opening long positions on the pair. The bank cites U.S. interest-rate policy and broader market volatility, after the shekel recently strengthened to around 2.8 per dollar before the dollar rebounded to about 2.98.
- 01Bank of America opened long dollar positions against the shekel and Hungarian forint.
- 02The bank is targeting roughly a 5% move higher in the dollar.
- 03The shekel recently hit unusually strong levels near 2.8 per dollar.
- 04The dollar has since recovered and now trades around 2.98 shekels.
- 05The bank blames hawkish U.S. policy and rising global FX volatility.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 2 outlets
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