Shekel is weakening. Forecast as of 01.11.2023

BY admin admin

The longer the armed conflict in the Middle East lasts, the worse it will be for Israel's previously thriving economy. The judicial crisis and the war with Hamas have plunged the shekel by 15% since the start of the year. Will the situation improve soon? Let us discuss the Forex outlook and make up a USDILS trading plan.

Weekly Shekel fundamental forecast

Despite the unprecedented $45 billion support promised by the Bank of Israel, the shekel collapsed to an 11-year low against the US dollar amid armed conflict in the Middle East. The formerly thriving $520-billion economy was subjected to… Read full author’s opinion and review in blog of #LiteFinance

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