From the Liveblog of
Thursday, October 9, 2025
Shekel gains more muscle after deal announced
Sharon Wrobel is a tech reporter for The Times of Israel
Israel’s shekel sees sharp gains after the announcement of an agreement between Israel and the Hamas terror group ending fighting in Gaza and releasing all remaining hostages in exchange for prisoners.
The shekel appreciates 0.6 percent against the US dollar, trading around NIS 3.247, in early morning trading. The local currency has gained about 1.7% against the dollar this month.
“The main momentum will be driven by a sharp decline in the level of uncertainty and risk aversion,” says Mizrahi Tefahot Bank chief markets economist Ronen Menahem. “There is a lot of money looking for investments in the world and Israel has been a focus for these investments.”
“In the immediate term, we will see an improvement in sentiment across stock and bond markets, and we will probably see another appreciation of the shekel,” Menahem adds.
The Times of Israel Community.