No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, October 23, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Shekel slide resumes amid escalating tariff war

by TheAdviserMagazine
7 months ago
in Business
Reading Time: 2 mins read
A A
Shekel slide resumes amid escalating tariff war
Share on FacebookShare on TwitterShare on LInkedIn


As the tariffs imposed on foreign countries by the US comes into force the shekel has resumed its slide against the world’s major currencies. In afternoon inter-bank trading the shekel is weakening against the US dollar and the euro. The shekel-US dollar exchange rate is up 0.77% at NIS 3.80/$, and the shekel-euro rate is up 1.22%, at NIS 4.186/€.

Yesterday, the Bank of Israel set the representative shekel-dollar rate down 0.133% from Monday, at NIS 3.766/$, and the representative shekel-euro rate was set 0.211% lower at NIS 4.119/€.





RELATED ARTICLES




Israeli officials confident on US tariff concessions


Israel’s fiscal deficit continues to narrow






The turmoil on Wall Street is directly affecting currency rates. Yesterday, the trading day on Wall Street closed with sharp declines, with the Nasdaq index, which has a strong negative correlation with the shekel-dollar exchange rate, losing more than 2%. Mizrahi Tefahot Bank chief economist Ronen Menachem says that over the past week alone, the shekel has weakened by 3.2% against the US dollar and 5.8% against the euro.

He adds, “The declines reflect, first and foremost, the weakening of the dollar against the euro, against the backdrop of the Trump administration’s new tariffs coming into effect, and the renewed confrontation between the US and China. Beyond that, there is a direct impact from Wall Street: the declines in stock indices mean local institutional bodies find themselves short-exposed to foreign exchange, which forces them to convert shekels into dollars and purchase large amounts of foreign exchange.”

Many economists believe that the upheaval on Wall Street is forcing Israeli institutional investors to update their investment portfolios, which is leading to high demand for foreign exchange and an unusually weak shekel compared with other world currencies.

Bank of Israel not expected to intervene in forex market

Despite all this, the Bank of Israel is not overly concerned about the depreciation of the shekel. At a press conference on Monday, Bank of Israel Governor Prof. Amir Yaron, was asked about the possibility of intervening in the foreign exchange market, given the sharp fall in the shekel’s value. Yaron replied that at this stage, market activity is considered normal, and therefore there is no need for the bank to sell dollars in order to balance the shekel’s depreciation. However, Yaron stressed, “The Bank of Israel has a broad set of tools, and we will examine their use, depending on developments.”

Published by Globes, Israel business news – en.globes.co.il – on April 9, 2025.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.




Source link

Tags: escalatingResumesShekelslideTariffWar
ShareTweetShare
Previous Post

CVS Health: Medicare-Erhöhung beflügelt die US-Gesundheitsaktie!

Next Post

DAL Earnings: All you need to know about Delta Air Lines’ Q1 2025 earnings results

Related Posts

edit post
Tesla’s weak earnings show how the ‘Musk Magic’ Premium is inflating its share price

Tesla’s weak earnings show how the ‘Musk Magic’ Premium is inflating its share price

by TheAdviserMagazine
October 23, 2025
0

Over the past year, on the day after Tesla unveils its latest quarterly report, this writer has calculated a metric...

edit post
NYC mayoral candidates turn on each other in final debate: ‘Zohran, your resume could fit on a cocktail napkin. And, Andrew, your failures could fill a public school library in New York City’

NYC mayoral candidates turn on each other in final debate: ‘Zohran, your resume could fit on a cocktail napkin. And, Andrew, your failures could fill a public school library in New York City’

by TheAdviserMagazine
October 23, 2025
0

 Zohran Mamdani was attacked over his thin resume, Republican Curtis Sliwa strove to prove his seriousness as a candidate and...

edit post
Corporate debt surge: Commercial paper issuances hit highest since April

Corporate debt surge: Commercial paper issuances hit highest since April

by TheAdviserMagazine
October 23, 2025
0

Indian companies increased their reliance on the debt money market for their short-term working capital needs with the issuance value...

edit post
Kim Kardashian invests in micro-drama platform GammaTime

Kim Kardashian invests in micro-drama platform GammaTime

by TheAdviserMagazine
October 23, 2025
0

Israeli-US startup GammaTime, founded by Israeli gaming entrepreneur Slava Mudrykh, Miramax CEO Bill Block and Alex Montalvo, is joining...

edit post
Israeli joint venture wins huge Indian army rifle deal

Israeli joint venture wins huge Indian army rifle deal

by TheAdviserMagazine
October 23, 2025
0

The Indian Army is procuring 425,000 CQB carbine assault rifles from PLR Systems, a joint venture between Israel Weapons...

edit post
Stock Market Today: Dow Jones Index Gains As Tesla Dives On Earnings (Live)

Stock Market Today: Dow Jones Index Gains As Tesla Dives On Earnings (Live)

by TheAdviserMagazine
October 23, 2025
0

The Dow Jones Industrial Average and the other major stock indexes reversed from premarket losses and ventured into positive ground...

Next Post
edit post
DAL Earnings: All you need to know about Delta Air Lines’ Q1 2025 earnings results

DAL Earnings: All you need to know about Delta Air Lines’ Q1 2025 earnings results

edit post
From Making ,000/Year to Replacing Her W2 in Just 5 Years Thanks to Rentals

From Making $28,000/Year to Replacing Her W2 in Just 5 Years Thanks to Rentals

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

October 9, 2025
edit post
Fed To Join Payments Revolution, Bring Crypto In From the Fringes

Fed To Join Payments Revolution, Bring Crypto In From the Fringes

0
edit post
‘Cash, precious metals, crypto’ is new norm for peak stock market risk

‘Cash, precious metals, crypto’ is new norm for peak stock market risk

0
edit post
Tesla’s weak earnings show how the ‘Musk Magic’ Premium is inflating its share price

Tesla’s weak earnings show how the ‘Musk Magic’ Premium is inflating its share price

0
edit post
20 of the Best Job Search Sites for Finding Work

20 of the Best Job Search Sites for Finding Work

0
edit post
Kim Kardashian invests in micro-drama platform GammaTime

Kim Kardashian invests in micro-drama platform GammaTime

0
edit post
What We’re Buying During This Real Estate Correction

What We’re Buying During This Real Estate Correction

0
edit post
Tesla’s weak earnings show how the ‘Musk Magic’ Premium is inflating its share price

Tesla’s weak earnings show how the ‘Musk Magic’ Premium is inflating its share price

October 23, 2025
edit post
‘Cash, precious metals, crypto’ is new norm for peak stock market risk

‘Cash, precious metals, crypto’ is new norm for peak stock market risk

October 23, 2025
edit post
Glassnode identifies concentrated Bitcoin selling amid market consolidation

Glassnode identifies concentrated Bitcoin selling amid market consolidation

October 23, 2025
edit post
20 of the Best Job Search Sites for Finding Work

20 of the Best Job Search Sites for Finding Work

October 23, 2025
edit post
NYC mayoral candidates turn on each other in final debate: ‘Zohran, your resume could fit on a cocktail napkin. And, Andrew, your failures could fill a public school library in New York City’

NYC mayoral candidates turn on each other in final debate: ‘Zohran, your resume could fit on a cocktail napkin. And, Andrew, your failures could fill a public school library in New York City’

October 23, 2025
edit post
Why The Smartest Are Not The Richest

Why The Smartest Are Not The Richest

October 23, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Tesla’s weak earnings show how the ‘Musk Magic’ Premium is inflating its share price
  • ‘Cash, precious metals, crypto’ is new norm for peak stock market risk
  • Glassnode identifies concentrated Bitcoin selling amid market consolidation
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.