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.
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.
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