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Israeli Shekel Strengthens Slightly as Dollar Drops to 2.99 Shekels Ahead of US Inflation Data
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
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First reported by Calcalist · 1 day ago
What happened
The Israeli shekel strengthened slightly against the dollar to 2.99 shekels amid rising export activity and no recent Bank of Israel interventions. Globally, currencies remained stable ahead of US inflation data. US labor productivity gains driven by AI may ease inflation pressures, while President Trump confirmed limited contact with Fed Chair Powell.
- 01Israeli shekel rises to 2.99 against the dollar, continuing recent appreciation.
- 02Bank of Israel did not intervene in foreign exchange markets in July after $1.8 billion interventions earlier.
- 03US dollar index stable ahead of inflation data release; euro and pound steady.
- 04Trump confirms brief recent contact with Fed Chair Powell, denies multiple talks.
- 05US labor productivity growth driven by AI may reduce inflation pressures.
- 06Non-AI sectors in the US economy show slow or negative growth, aiding inflation moderation.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
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