Shekel Surges to 33-Year High
Israel's shekel appreciated by 1.1%, hitting a 33-year high against the dollar, driven by investor optimism over a potential U.S.-Iran ceasefire deal. So far in 2026, the shekel has gained 9%, reaching its strongest level since October 1993, at 2.90 per dollar.
- Country:
- Israel
On Wednesday, Israel's shekel gained 1.1% to reach a 33-year high against the U.S. dollar, buoyed by investor hopes for a potential U.S.-Iran ceasefire agreement.
The currency has appreciated by 9% so far in 2026, reaching a rate of 2.90 per dollar, marking its strongest position since October 1993.
This surge reflects growing optimism among investors regarding geopolitical stability in the region.
(With inputs from agencies.)
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