Another shekel depreciation: dollar above 3.15 shekels, euro around 3.53

The shekel weakened slightly: the dollar rose 0.3% and traded above 3.15 shekels, the euro near 3.53 shekels. Attention is on the US elections, and the central bank in Australia raised the interest rate to 4.85%.

The shekel weakened slightly against the dollar and euro in local trading. The dollar rose 0.3% and traded just above 3.15 shekels, the euro rose by a similar rate and traded near 3.53 shekels. In global markets, the dollar index was unchanged at 101.7 points, the euro was stable around 1.12 dollars, and the pound traded just above 1.34 dollars ahead of the Bank of England's interest rate announcement on Thursday, which is expected to raise the rate from 3.75% to 4% for the first time since August 2023. Attention is focused on the US midterm elections, where the market estimates a nearly 75% probability that the Democrats will take control of the Senate. Ryan Detrick, a commentator on CNBC, said that a sweeping victory by one party could shake the markets. Meanwhile, the Reserve Bank of Australia raised the interest rate by 25 basis points to 4.85%, the highest level since November 2008, in an attempt to deal with stubborn inflation that stood at 4.3% in September.