No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, October 31, 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 volatility after US tariffs announcement

by TheAdviserMagazine
7 months ago
in Business
Reading Time: 2 mins read
A A
Shekel volatility after US tariffs announcement
Share on FacebookShare on TwitterShare on LInkedIn


After yesterday’s bombshell announcement by US President Donald Trump on US import tariffs, the forex market is volatile today. In afternoon inter-bank trading the shekel is strengthening against the US dollar and sharply weakening against the euro. The shekel-US dollar exchange rate is down 0.19% at NIS 3.702/$, and the shekel-euro rate is up 1.95%, at NIS 4.093/€. The shekel is at its weakest against the euro in five months.





RELATED ARTICLES




Treasury assesses potential damage to Israel’s US exports


Israel on list as Trump unveils tariffs






Yesterday, the Bank of Israel set the representative shekel-dollar rate down 0.162% from Tuesday, at NIS 3.699/$, and the representative shekel-euro rate was set 0.08% lower at NIS 3.992/€.

Why has the shekel weakened sharply against the euro?

The euro is reacting with a sharp gain against the Israeli currency. The reason for this is the effects of the various exchange rate changes. The shekel is not traded directly against the euro, but is converted at the dollar-shekel rate and then at the dollar-euro rate. Thus, when the dollar depreciates sharply against the EU currency. Israel also sees the effects of the devaluation. In fact, the biggest beneficiary of the global mess is the euro. The euro-dollar rate reached $1.09 per euro, the dollar’s lowest since October. “Reuters” noted that the euro is strengthening because it seems that Europe is looking more inward, “Europeans continue to examine how to stabilize the economy and continue growth and are not dealing with reciprocal tariffs. The market likes the calm and settled approach on the continent.”

Looking ahead

The question that now arises is what will happen after the global storm calms down, and how the heavy tariffs will affect the global economy. Bank Hapoalim chief financial markets strategist Modi Shafrir notes that much depends on future developments. “There is a fear that Europe and other countries will impose reciprocal tariffs on the US. In contrast, countries like Israel will likely reduce their taxes on the US.” Shafrir stresses that the current situation is not healthy for the global economy and is increasing levels of uncertainty in the world. In the meantime, investors are fleeing to safer investments. Gold is trading at record levels at more than $3,100 per ounce. Also, in the past 24 hours, government bond yields have fallen sharply, while investors are turning to risk-free assets.

Published by Globes, Israel business news – en.globes.co.il – on April 4, 2025.

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




Source link

Tags: AnnouncementShekelTariffsvolatility
ShareTweetShare
Previous Post

What a refugee camp reveals about economics

Next Post

Financial markets flail in the face of America’s tariffs

Related Posts

edit post
Getting Started: Inventory Types and Conditions

Getting Started: Inventory Types and Conditions

by TheAdviserMagazine
October 31, 2025
0

Take the guesswork out of sourcing! We want you to make the most informed purchases possible. In order to do...

edit post
Biogen outlines 67% launch product growth and signals expanded pipeline momentum amid strong Q3 results (NASDAQ:BIIB)

Biogen outlines 67% launch product growth and signals expanded pipeline momentum amid strong Q3 results (NASDAQ:BIIB)

by TheAdviserMagazine
October 30, 2025
0

Seeking Alpha's Disclaimer: The earnings call insights are compilations of earnings call transcripts and other content available on the Seeking...

edit post
Asian shares rise: Asian shares, US futures rise on tech results, gold holds gain

Asian shares rise: Asian shares, US futures rise on tech results, gold holds gain

by TheAdviserMagazine
October 30, 2025
0

US equity-index futures rose after strong earnings from Amazon.com Inc. and Apple Inc. spurred a post-market tech rally, lifting sentiment...

edit post
Michael Saylor’s Strategy returns to profitability in third quarter

Michael Saylor’s Strategy returns to profitability in third quarter

by TheAdviserMagazine
October 30, 2025
0

Bitcoin accumulator Strategy Inc. returned to profitability in the third quarter, with results bolstered by an unrealized gain tied to...

edit post
Planning approved for new Jerusalem luxury hotel

Planning approved for new Jerusalem luxury hotel

by TheAdviserMagazine
October 30, 2025
0

Building a hotel is an expensive business, but before you build you need a high-quality location. Pai Siam (TASE:...

edit post
AI bubble talk grips the market. But in the C-suite there’s more FOMO over AI’s benefits than fear of an AI bustup

AI bubble talk grips the market. But in the C-suite there’s more FOMO over AI’s benefits than fear of an AI bustup

by TheAdviserMagazine
October 30, 2025
0

Hello and welcome to Eye on AI. In this edition…Nvidia becomes the first $5 trillion market cap company…Anthropic finds AI...

Next Post
edit post
Financial markets flail in the face of America’s tariffs

Financial markets flail in the face of America’s tariffs

edit post
Americans Are Late on Their Mortgages

Americans Are Late on Their Mortgages

  • 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
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 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
Getting Started: Inventory Types and Conditions

Getting Started: Inventory Types and Conditions

0
edit post
Smart Intake & The Future of Client Intake

Smart Intake & The Future of Client Intake

0
edit post
Planning approved for new Jerusalem luxury hotel

Planning approved for new Jerusalem luxury hotel

0
edit post
Xi-Trump meeting sparks optimism in China — but many wonder what comes next

Xi-Trump meeting sparks optimism in China — but many wonder what comes next

0
edit post
The Tragedy of Expatriation: Europe’s Lost Future

The Tragedy of Expatriation: Europe’s Lost Future

0
edit post
Morgan Stanley Hikes Opendoor (OPEN) PT to  Ahead of Q3 Earnings

Morgan Stanley Hikes Opendoor (OPEN) PT to $6 Ahead of Q3 Earnings

0
edit post
Getting Started: Inventory Types and Conditions

Getting Started: Inventory Types and Conditions

October 31, 2025
edit post
Biogen outlines 67% launch product growth and signals expanded pipeline momentum amid strong Q3 results (NASDAQ:BIIB)

Biogen outlines 67% launch product growth and signals expanded pipeline momentum amid strong Q3 results (NASDAQ:BIIB)

October 30, 2025
edit post
Asian shares rise: Asian shares, US futures rise on tech results, gold holds gain

Asian shares rise: Asian shares, US futures rise on tech results, gold holds gain

October 30, 2025
edit post
XRP Could Drive the ‘Biggest Economic Shift’ in Decades: Crypto Expert

XRP Could Drive the ‘Biggest Economic Shift’ in Decades: Crypto Expert

October 30, 2025
edit post
Commonwealth advisors leave for Cetera, Osaic, Raymond James

Commonwealth advisors leave for Cetera, Osaic, Raymond James

October 30, 2025
edit post
8 Medigap “Gaps” You Only Notice After a Hospital Transfer

8 Medigap “Gaps” You Only Notice After a Hospital Transfer

October 30, 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

  • Getting Started: Inventory Types and Conditions
  • Biogen outlines 67% launch product growth and signals expanded pipeline momentum amid strong Q3 results (NASDAQ:BIIB)
  • Asian shares rise: Asian shares, US futures rise on tech results, gold holds gain
  • 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.