Dollar sharply strengthens against shekel: what is the reason and how long will it last

The dollar exchange rate has risen sharply against the shekel, reaching 3.209 shekels on November 6 — the highest since December 2025. The reason is said to be a Wall Street crash amid the strengthening of Democrats in the US Congress. Experts link this to risk hedging and predict further dollar strengthening.

The dollar exchange rate has risen sharply against the shekel, reaching 3.209 shekels on the morning of November 6 — the highest since December 2025. The reason is said to be a Wall Street crash following the strengthening of Democrats in the US Congress. Specialists explain the connection between the decline on Wall Street and the weakening of the shekel through a risk hedging mechanism: pension funds and insurance companies holding billions of dollars in stocks and assets on Wall Street begin buying dollars to protect against volatility. Experts predict further dollar strengthening as long as the panic in stock markets continues.