Shekel resumes steep slide
Psagot: We see the shekel strengthening in the long-term but continuing to weaken in the short-term.
Newsrael News Desk 01.09.2022
Globes report the shekel is weakening after reaching a four-month strongest against the dollar at the start of August. The fall on world stock markets following the hawkish comments by US Federal Reserve Chair Jerome Powell last Friday has been the trigger for the weakening of the shekel as investors scurry to safe haven currencies.
Source - Globes/social media - Image - Shutterstock
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