Dollar rate falls by 1.2% against the shekel, trading around 3.62
Despite the legal reform and the protest, the shekel continues to strengthen against U.S. dollar, trading around 3.62 on Thursday.
Governor of the Bank of Israel Prof. Amir Yaron, who heads the Monetary Committee, said that the country is nearing the end of interest rate hikes and this also has a positive effect on the shekel.
While the protests against the government's judicial overhaul are at their peak, the dollar exchange rate continues to go down in the last few days. The shekel strengthened against the dollar on Wednesday, while weakening against the euro, which rose by 0.4 percent on Thursday morning.... Read More: i24