The exchange rate of the Israeli shekel fell, in the middle of Wednesday’s session, to an 8-week low against the US dollar, with the escalation of geopolitical risks in the region.
Israeli Prime Minister Benjamin Netanyahu and Iran’s military leaders vowed to respond to the missiles it launched against vital Israeli targets on Tuesday evening.
By (11:20 GMT), the exchange rate of the US dollar rose to 3.8 shekels, compared to 3.69 shekels in morning trading yesterday, Tuesday, according to data from the Bank of Israel.
The exchange rates recorded today are the lowest for the shekel against the dollar since August 7, according to data from the Bank of Israel.
Yesterday, Tuesday, Iran announced that it had fired dozens of missiles at Israel (180 according to Tel Aviv’s estimate), causing human casualties, material damage, and the closure of airspace, while millions of Israelis rushed to shelters, while sirens sounded throughout the country.
In his speech during the cabinet meeting yesterday evening, Netanyahu said, “Iran committed a big mistake tonight (with its attack on Israel), and it will pay the price for it.”
