US dollar is lower today, dropping as Forex traders and analysts consider what’s next and try to look ahead to 2016.
Israeli New Shekel ILS
The Israel new shekel is the official currency of the State of Israel. It was introduced in 1986, replacing the old currency. The currency is not produced in Israel itself. Coins are produced in South Korea, while banknotes are printed in Switzerland. The Israel currencies were historically weak, but the new currency profited from the growing nation’s economy and the careful fiscal and monetary policy. As a result, the shekel has appreciated about 20 percent against the US dollar in the first decade of 21st century. The currency has been available for free exchange since 2003 and for derivative trading on the CME since 2006.
Israeli New Shekel News Archive
The Israeli new shekel gained against the US dollar (but fell versus the euro) as the nation’s central bank refrained from cutting interest rates at today’s policy meeting even though Israel’s economy is struggling.
The Israeli new shekel fell against the US dollar today even though the nation’s central banks decided to keep its main interest rate unchanged at yesterday’s monetary policy meeting as the outlook for Israel’s economy was relatively positive. The currency gained on the euro.
The Bank of Israel surprised the Forex market today, cutting its benchmark interest rate unexpectedly, following the same move in the previous month. This led to a huge slump of the Israeli shekel.
The central bank of Israel left its main interest rate unchanged, surprising Forex market participants. This allowed the Israeli New Shekel to rise against the US dollar today, though the currency retreated against the euro.
The Israeli new shekel fell today as Israel’s government voiced concern that a strong currency damages nation’s exports and economy.
The Israeli new shekel declined today as political tensions in Middle East escalated after the United States signaled about possible attack on Syria in case the Middle Eastern country uses chemical weapons.
The Israeli new shekel fell today as the central bank was buying dollars to keep currency’s appreciation in check. The shekel was already weakening on the previous actions of the bank.
The Bank of Israel surprised Forex market participants for the second time this month, cutting interest rates yet again on today’s meeting. The Israeli new shekel weakened after the decision.
The Bank of Israel made an unexpected move yesterday, cutting its benchmark interest rate. The Israeli new shekel dropped versus the euro today, but rose against the US dollar.