Shekel is fighting. Forecast as of 11.10.2023

Currency interventions and additional liquidity from the Bank of Israel halted the USDILS rally. However, will the central bank's actions be enough to stabilize the pair? Let us discuss the Forex outlook and make up a trading plan. 

Weekly Shekel fundamental forecast 

Wars bring troubles and destruction not only to populations and economies but also to currencies. It is enough to remember how the ruble reacted to Russia’s invasion of Ukraine to understand why the shekel has collapsed versus the US dollar to its low since 2016 after the Hamas attack on Israel. The USDILS pair recorded its biggest one-day… Read full author’s opinion and review in blog of #LiteFinance