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Bank of America published a forecast about the Israeli currency. The bank's analysts expect the shekel to continue to strengthen if the ceasefire agreements are fully implemented.
It’s a long road, but if you have patience and trust the process, there’s a great chance that you will achieve financial success.
The shekel recorded significant gains against the dollar and the euro, with the dollar currently trading at 3.62 shekels, a decrease of about 1.3%, and the euro falling by 0.8% to 3.71 shekels.
The Bank of Israel set the representative shekel-dollar rate down 0.248% from Monday, at NIS 3.627/$.
While key sectors show resilience, economists warn of lasting challenges due to poverty and defense spending
"Since the holidays we have seen a significant increase of over 250 families a week" turning to the organization for help, she described.
The "Yuval Fund," in honor of fallen IDF reserves Captain Yuval Silber, who was killed in action in November 2023, has provided over $4 million to reservists in loans, the organization said.
Despite a slight decrease compared to the previous quarter, the bank demonstrated solid financial performance and strong credit growth across all operational segments.
"Despite criticisms, Moody’s analysis of Israel's fiscal health is overly pessimistic."
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