Best News Network

Shekel weakens after Gaza rocket barrage begins

The gains on the Tel Aviv Stock Exchange (TASE) moderated after rockets started falling.


The Israeli currency, which had been strengthening this morning began weakening shortly after the rocket barrage from Gaza began at 1.30pm. There was massive rocket fire on the settlements around Gaza and sirens were heard in central Israel including in Tel Aviv.

The shekel-dollar exchange rate is up 0.25% at 3.668/$ and the shekel-euro rate is up 0.05% at NIS 4.017/€.

On Tuesday, the Bank of Israel set the representative shekel-dollar rate 0.716% up from Monday, at NIS 3.659/$, and the representative shekel-euro rate was set 0.047% higher at NIS 4.015€.

The gains on the Tel Aviv Stock Exchange (TASE) moderated after rockets began falling. This morning the Tel Aviv 35 Index had been 1.5% higher but is currently up only 0.84% at 1785.55 points.

There have so far been no reports of any major casualties with five people lightly injured or suffering anxiety attacks admitted to Barzilai Hospital in Ashkelon. An empty house in Sderot sustained a direct hit as Iron Dome intercepted most rockets targeting populated areas. IDF aircraft have been attacking Gaza.

Published by Globes, Israel business news – en.globes.co.il – on May 10, 2023.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2023.



Shekels credit: Shutterstock Vladerina32

Shekels credit: Shutterstock Vladerina32

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Business News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! NewsAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.