eToroInvestment @eToroInvestment: "𝐈𝐬𝐫𝐚𝐞𝐥’𝐬 𝐒𝐡𝐞𝐤𝐞𝐥 𝐢𝐧 𝐭𝐡𝐞 𝐬𝐩𝐨𝐭𝐥𝐢𝐠𝐡𝐭 $USDILS..."

eToro

𝐈𝐬𝐫𝐚𝐞𝐥’𝐬 𝐒𝐡𝐞𝐤𝐞𝐥 𝐢𝐧 𝐭𝐡𝐞 𝐬𝐩𝐨𝐭𝐥𝐢𝐠𝐡𝐭 $USDILS $EURILS $GBPILS Israel’s normally resilient Shekel (ILS) has slumped 10% in the last 4 month versus the US dollar and is now testing five-year lows. Whilst it has also now broken the symbolic 4.0 level versus the Euro. This has been driven by a combination of a strengthening of the dollar and continued local judicial reform concerns. The Central Bank has hiked interest rates to the highest levels since 2006 but downplayed talk of directly intervening to help the beleaguered currency. *Please note, this is not investment advice*

Sell - More weakness to come

100.00%

Buy – Enough is enough

100.00%

Don’t know

100.00%

3 Mentioned

USDILS

EURILS

GBPILS