After several weeks of the forex market calm, the cycle has weakened in the early Japanese trading trading. Sheekel-US Doll Exchange rate of 0.89% of NIS 3.5522 / $, and Sheekel-Euro rate is at 1.59%, in NIS 4.031 / €. Yesterday, the Bank of Israel puts the Sheekel-Dollar rate of 0.76% from Monday, in the NIS rate of Sheekel-Euro set to NIS 3.964 / €.
The cycle is well because of the growth of security and political issues, and the increasing concern about the injury to the economic relations with the Western partners.
International pressure is getting better
In particular, there is violent criticism from European countries in Israeli activities in Gaza, which caused aggravated diplomatic relations. The EU countries bear the progress of Israel in the military operations on Gaza Strip, and forced to have serious obstacles to entering Gaza help for Gaza residents. The criticism comes while Israel’s hostages continue to be held in Gaza Tunnels.
The UK government issued a strong statement, which suspended the talks of Israel’s trading addresses to further notice about the deep injury to a key trade partner.
Prico Group CEO Yossi Fraiman says, “Increasing the fighting of Gaza and anxiety about European trade damage leads to Europe carrying the dollar and the euro.” However Fraiman says it cannot be an acute collapse:
Iran tensions are increasing
Along with diplomatic tensions, reports increase about the possibility of waive in front of Iranian. According to a report of CNN, Israel prepares to attack Iran, in parallel to reports about the development of nuclear talks that the US is in charge of Iran.
The CNN report says there is an internal dispute with the US administration’s possibility of Israeli attack, and that decision on it has not been done. According to estimates, the way and time of any action directly affected by Israel’s evaluation of US and Iran results.
Related articles
Security and diplomatic improvements raise the risk of the local market, which prevents the risk of Israel, and now also concerns the increase in Israel’s bonding, estimated risk of default.
Published in Globes, Israel News in News – en.globes.co.il – On May 21, 2025.
© Copyright in Globes Publisher Itonut (1983) Ltd., 2025.
