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Home In Brief

US dollar in freefall against shekel

by  Eran Bar-Tal
Published on  12-21-2020 08:15
Last modified: 12-21-2020 08:15
US dollar in freefall against shekelGetty Images

The US dollar is at its lowest against the shekel since 1996 | Illustration: Getty Images

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The US dollar rallied somewhat against the shekel on Monday morning, hitting NIS 3.426 after plummeting to 3.23 on Friday. This marks the lowest point for the US currency since 1996.

The euro also dropped and was trading at 3.955 against the shekel.

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The Bank of Israel has stepped up its acquisition of USD since November in an attempt to stem the decline in the demand for the dollar.

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