Full coverage· Economy· Updated
Dollar Holds Steady Near 3.07 Shekels as Fed Remains Wary of Inflation
The dollar remained stable around 3.069 shekels on Thursday, as international markets saw the U.S. currency strengthen to a 1.5-year high. U.S. Federal Reserve meeting minutes revealed ongoing concerns about inflation, though they had little impact on expected interest rate decisions.
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What happened
- 01The dollar held steady around 3.069 shekels amid minor fluctuations in the local foreign exchange market.
- 02The U.S. dollar reached a year-and-a-half high internationally due to Federal Reserve inflation concerns.
- 03Federal Reserve minutes showed officials still view inflation as the main economic risk.
- 04The euro weakened by 0.1% to 3.436 shekels, and the pound by 0.3% to 4.051 shekels locally.
- 05Investor expectations for the Fed's next rate hike remained largely unchanged after minutes release.
The euro and pound weakened slightly against the shekel and the dollar.
The coverage
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How it broke
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Neutral tone, on average across the newsrooms
