By August 11, 2019 Read More →

Shekel continues to gain

From Globes.

Following an in-depth analysis of the factors fueling the strengthening of the Israeli currency, Goldman Sachs sees the rate moving towards NIS 3.45/$.
Goldman Sachs Economic Research Unit has published an in-depth analysis entitled “The Unstoppable Shekel.” which elaborates on the factors behind the strengthening of the shekel and concludes that the Israeli currency will continue to gain. Noting that the shekel has appreciated by 7% against the dollar in 2019, analysts Sara Grut and Murat Unur write, “We expect structural factors to continue to be a driving force of NIS appreciation.”

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