January 28, 2026
The dollar weakened against the shekel and fell below 3.1 shekels
תמונה: chatgpt
The dollar weakened today against the shekel and is trading around 3.09.
During the morning, the dollar also reached the 3.08 area.
This is a very low level compared to recent years.
In Israel, some see this as good news.
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Officials in the Ministry of Finance said that the strong shekel reduces import prices and eases the cost of living. However, exporters are concerned about a decline in revenues. The question now arises whether the Bank of Israel will intervene in the market and buy dollars, as happened in similar cases in the past.
Analyses indicate that increases in the Tel Aviv Stock Exchange contributed significantly to the rise of the shekel. In addition, there is a weakening of the dollar worldwide. President Donald Trump said he is not bothered by a weak dollar. The markets are now trying to understand if this is a deliberate policy aimed at encouraging American exports.