ILS Market Update
18 Jul 2026 • 01:18 GMT
The Israeli shekel has recently weakened against the US dollar, with the exchange rate falling to around 0.3293, its lowest in the past week. This is about 3% below its three-month average of 0.3396. The move reflects a combination of regional factors and recent market sentiment. While the shekel appreciated in late 2025 due to strong economic performance and a surprise rate cut by the Bank of Israel, recent geopolitical tensions and dollar support from rising energy prices have currently put downward pressure on the shekel. Traders are watching currency trends closely, especially given the dollar's recent stability amid volatile oil prices and regional developments. Expect continued fluctuations as market participants digest economic and geopolitical news, which can impact the shekel’s outlook in the near term.
