Currency Market

Following the Bank of Israel's interest rate decision that surprised markets, leading currencies have strengthened against the shekel. The chairman of Puria Finance analyzes the situation and provides a forecast for the medium and long term.

The dollar is strengthening in the local market, rising by 0.3% to trade at 3.03 shekels, contrary to the global trend of the American currency. Investors are awaiting the upcoming US employment report.

The shekel continues to weaken moderately following the Bank of Israel's interest rate cut. The local currency market is also being influenced by escalation on the Iranian front and global market trends.

The foreign exchange market is opening the week with a slight rise in the shekel against the dollar ahead of the Bank of Israel's interest rate decision. The dollar is down 0.2%, trading around 2.99 shekels.

Japan spent 15.4 trillion yen ($96.4 billion) on foreign exchange interventions between July 30 and August 26. This record monthly expenditure reflects the government's determination to curb the yen's depreciation.

A trend reversal in the foreign exchange market: after yesterday's strengthening of the shekel, the dollar is rising by 0.3%, trading above 2.97 shekels.

Global currency markets saw quieter trading on Wednesday amid cautious anticipation. The US dollar continues to trade near a six-week low, while the Japanese yen faces sharp fluctuations due to political tensions in the Persian Gulf and upcoming US employment data.

The shekel continues to strengthen against major currencies amid calm in global markets. Investors are awaiting updates on US-Iran talks regarding the opening of the Strait of Hormuz.

Washington and Tokyo carried out their first joint intervention in the foreign exchange market in years. The move involved selling euros and buying yen, an unusual step intended to support the Japanese currency without weakening the dollar.

The combination of the war against Iran and stubborn inflation is driving a dramatic policy shift in Europe, the United States, and Japan. Julius Baer provides a special analysis on the expected impact on equity and FX markets.

Minor movements in the local foreign exchange market at the start of August following a 3.2% depreciation of the shekel in July. The dollar is trading at 3.05 shekels, while the euro is around 3.52 shekels.

They haven't done it since 2011, but now Japan and the US are forced to cooperate and inject tens of billions into the currency market to stop the extreme deterioration that threatens the markets.

The Bank of Israel released foreign exchange market data for the second quarter of 2026, highlighting the shekel's appreciation and shifting activity patterns among institutional investors and non-residents.

The US and Japan took coordinated action to support the yen, strengthening the Japanese currency by over 1%. This marks the first joint intervention by Washington and Tokyo in nearly 30 years.

The yen's surge has reignited assessments that authorities in Japan entered the foreign exchange market to curb the currency's weakening. The Bank of Japan is expected to publish its interest rate decision tomorrow, with expectations of no change.