A monitoring idea for a call on the dollar
The Bank of Israel has started to lower its rates, despite everything the shekel has recovered against the greenback, it is quite bearish but there could be a support zone and it will depend on future macro events. In January when the rate cut took place the dollar increased to around 3.80 shekel per dollar but we must watch that there is not a sale of dollars by the Bank of Israel.
The Bank of Israel has started to lower its rates, despite everything the shekel has recovered against the greenback, it is quite bearish but there could be a support zone and it will depend on future macro events. In January when the rate cut took place the dollar increased to around 3.80 shekel per dollar but we must watch that there is not a sale of dollars by the Bank of Israel.