The cycle, which is greatly appreciated in the present weeks continued to reinforce this morning. In late morning trading trading of 0.30% below the NIS 3.304 dollar, and 0.18% under the euro of NIS 3.872 / €.
Why does the cycle reinforce?
Mizrani Tefahot Bank Markets Economist Ronen Menachem explains that the main reason to reinforce stock markets with stock markets. He said, “It shows the reduction in the risk of premiums by the Bank of Israel’s decision at the rate of interest also emphasized in the Bank of Israel.
He added, “It is also necessary to note that the bank of Israel does not cause interest in the euro, so the acquisition of data is also appreciated in the last year, so the cycle is cautious.”
Vertical Hedge Conman Senior Insior Evyatar Ben David agrees with Menachem and believes there are three reasons to support continuous cycle strengthening. He said, “The first, and most important to everyone else is a waste of a waste. step also supports cycle strengthening. “
In this context, Ben David mentions the rate of exposure to foreign exchange entities increased in today’s current years, including changes in regional geopolitical changes. “Reduces economic risk in recent times can lead to institutional institutions to reduce the rate of exposure to historical stories and return their capital to Israel.”
Besides, he noticed that trade volumes were significantly lower in summer months, which increased in the order of money rates. “Therefore, any dollar rate of the world’s dollar rate, if the wide trend will continue, it may be worse and also contributing to the strengthening of the cycle.
Finally, he said, “As market prices are a more aggressive path of interest rate from the Federal Reserve, it can slow down the interest between Israel and the US and give the cycle with additional support.”
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Will the cycle NIS 3 / $
Menachem recalls that last rate of 3 / $ in late 2021 “it was easy to work, and the cycle was easily weak and sharp. The Bank of Israel should not buy the whole quota,” he explained.
At the same time, he stressed hard to know what would happen at this time, if the Bank of Israel intervenes, in what scope and format, and what the rate can be triggered. “There is something more like 6% now, among other things, is not in the rate that is the reason for the development of time. And the implications for exports, especially in times of foreign trade.”
In the end, Menchem concludes, “In my opinion, the present careful road to the cycle will be judged by a sufficient choice in running rate.
Published in Globes, Israel News in News – en.globes.co.il – On July 10, 2025.
© Copyright in Globes Publisher Itonut (1983) Ltd., 2025.
