Shekel Flips From Best to Worst, Easing Pressure on Central Bank

Israel’s shekel has swung from the world’s best-performing currency to the worst over just a few days, reversing a 14-month rally. The move eases pressure on the central bank to intervene to support the currency, which had been hurting exporters. The article is largely market-factual but highlights a sharp FX reversal and policy implications.

Analysis

Israel’s shekel has swung from the world’s best-performing currency to the worst over just a few days, reversing a 14-month rally. The move eases pressure on the central bank to intervene to support the currency, which had been hurting exporters. The article is largely market-factual but highlights a sharp FX reversal and policy implications.