THE ISRAELI SHEKEL IS NOW MAKING GAINS ON MAJOR CURRENCIES

For 2 weeks after the Hamas attack of 7th October, the Shekel made significant losses against the major currencies.

Then the USA sent 4 carrier strike groups to Israel, and Biden called for a $14 billion aid package for Israel. This stabilised the Shekel.

Now the Shekel is making quite rapid gains, except for the Russian Ruble, which has been making steady gains all month.