- Analysts estimates compiled by Bloomberg show the shekel strengthening by about 9% this year, surpassing forecasted gains for every other developing currency from South Korea to South Africa.
- A pile of 50-shekel banknotes. Source: Bloomberg The big question for traders now is whether the shekel’s newfound political sensitivity has become a permanent feature, or just a passing fad.
- For the first time in nearly two years, our clients are flat the shekel and there is scope for further gains or purchases up ahead.
- The shekel strengthened 1.6% as of 2:24 p.m. in Tel Aviv.
- Goldman Sachs Group Inc. has estimated that the currency carries a new political risk premium of about 8%.
Emerging World’s Top Currency Trade Needs Shekel to Be Old Self
A rare moment of Israeli market turmoil may be creating this year’s best currency trade.
Netty Idayu Ismail
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