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News   Israel News

Shekel hits 33-year high against dollar

The Israeli currency strengthened to 2.90 against the greenback, its strongest level since October 1993.

JNS Staff
A stack of bimetallic Israeli 10 shekel coins. Credit: Ri Butov/Pixabay.
A stack of bimetallic Israeli 10 shekel coins. Credit: Ri Butov/Pixabay.
(May 7, 2026 / JNS)

The Israeli shekel gained 1.1% on Wednesday, reaching its highest level against the dollar in 33 years, amid investor optimism over a possible end to hostilities between Iran and the United States.

The shekel, which has appreciated 9% so far in 2026, strengthened to 2.90 per dollar on Wednesday, its strongest level since October 1993, Reuters reported.

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