US currency climbs to about 2.89 shekels after the Bank of Israel governor signaled a possible rate cut, with Hezbollah fighting and Tel Aviv stock losses adding pressure
The dollar strengthened against the shekel Thursday, extending gains after Bank of Israel Gov.
Amir Yaron signaled that another interest rate cut could come if inflation moves closer to the lower end of the government’s target range.
The dollar was trading around 2.89 shekels, after standing at about 2.80 to 2.81 only a few days earlier.
The euro also rose, trading around 3.36 shekels.
The move came amid continued fighting with Hezbollah despite the ceasefire agreement with Lebanon.
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