In a bid to support the market following the Hamas military attacks over the weekend, the Bank of Israel, the Israeli central bank announced on Monday
a program to sell up to $30 billion in forex. Additional takeaways Will provide liquidity to the market through swap mechanisms of up to $15 billion as necessary. Will operate in the market in the coming period to moderate Shekel volatility and provide needed liquidity. Will continue monitoring developments tracking all of the markets and acting with the tools available to it as necessary.
The Israeli Shekel opened on Monday, with a huge bearish gap against the US Dollar, as investors took account of the weekend’s military violence between Israel and the Hamas movement in Palestine. USD/ISL jumped to the highest level since February 2016 at 3.9230 before reversing to the 3.9050 area on the central bank’s stabilization program. The currency pair is still adding 1.40% on the day.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Israel-Hamas conflict live updates: Israeli forces still pursuing militants in southern IsraelIsraeli forces responded to unprecedented attacks by Hamas militants from Gaza. Hezbollah said it attacked Israeli targets near the Lebanon border.
Read more »
'We are being slaughtered': Israelis cry for help as Hamas militants break into homesVideo shows Hamas attacking Israel, pulling Israeli soldier from tank\nHamas surprise attack on Israel
Read more »
Hamas terrorism in Israel: Western leaders 'strongly condemn' attacksVideo shows Hamas attacking Israel, pulling Israeli soldier from tank\nHamas surprise attack on Israel
Read more »
Timeline of conflict between Israel and Palestinians in GazaVideo shows Hamas attacking Israel, pulling Israeli soldier from tank\nHamas surprise attack on Israel
Read more »
Hamas attacks on Israel 'funded' by Biden, GOP 2024 candidates sayVideo shows Hamas attacking Israel, pulling Israeli soldier from tank\nHamas surprise attack on Israel
Read more »
Israel-Hamas conflict live updates: Israel declares war as death toll in Israel, Gaza passes 900Israeli forces responded to unprecedented attacks by Hamas militants from Gaza. Hezbollah said it attacked Israeli targets near the Lebanon border.
Read more »