For the first time since April, the dollar rose to 3.1 shekels - what is driving the American currency

At the opening of trading on October 15, the dollar-to-shekel exchange rate reached 3.1 shekels — the highest since April 8. The rise was triggered by the release of the US Consumer Price Index, which surged due to a spike in fuel prices. The dollar index rose by 0.38% to 102.57 points. Meanwhile, Asian markets saw declines: SK Hynix fell 11%, Samsung 10%, and SoftBank 10%.

At the opening of currency trading on the morning of October 15, the dollar-to-shekel exchange rate reached 3.1 shekels, the highest level since April 8. The previous day, the rate was 3.075 shekels, but that was before the release of the US Consumer Price Index. The Bureau of Labor Statistics reported that the Consumer Price Index surged in September due to a spike in fuel prices. The dollar index, which measures the strength of the US currency against a basket of six currencies, rose by 0.38% to 102.57 points. The euro fell against the dollar by 0.44% (to $1.1149), hitting a new 17-month low due to concerns about France's fiscal health. Meanwhile, Asian markets saw declines: South Korean giant SK Hynix fell 11%, Samsung 10%, and Japan's SoftBank 10%. The reasons are fears of accelerating inflation in the US and questions about AI investments.