Full coverage· Economy· Updated 12:35

Dollar Hits Six-Month High Against Shekel Amid US Inflation Data

The US dollar has climbed to its highest point against the Israeli shekel in over six months, nearing levels last seen in March. This surge was triggered by US inflation data showing a 3.7% annual rate for September, surpassing expectations.

2 newsrooms · 1 language · since 09:22

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What happened

01The US dollar reached its highest level against the Israeli shekel in over six months.
02US September inflation data at 3.7% exceeded the 3.6% forecast, driving the dollar's rise.
03The dollar has strengthened by 3.22% against the shekel in the past six months.
04Local factors and regional risk also contributed to the dollar's appreciation against the shekel.
05Investors await Israeli inflation data due later today for further market direction.

While the dollar's global strength moderated, its rise against the shekel continued, attributed to US data and local factors. Investors are now awaiting Israeli inflation figures due later today.

Translated and summarized by baba from Maariv, the latest report. Read Maariv’s original