Shekel rises, and expert warns: this is not the limit
On Wednesday, the dollar fell 0.3% to 2.99 shekels, the euro weakened 0.18% to 3.45, and the pound fell 0.2% to 4.03. Expert Or Poria predicts further strengthening of the shekel in the medium term amid declining geopolitical risks and notes US intervention in dollar-yen trade.
On Wednesday, August 5, 2026, the US dollar fell 0.3% against the shekel, reaching 2.99 shekels. The euro also weakened 0.18% to 3.45 shekels, and the British pound sterling lost 0.2% to 4.03 shekels. This came after a period of dollar strength on global markets, and now the general trend of shekel weakening has halted. This dynamic was accurately predicted earlier by Or Poria, chairman of Poria Finance. In his currency market review, he noted that at this stage it is a continuation of the currency's stability trend, and in the short term the dollar and euro will likely continue to fluctuate. In the medium and long term, he expects a new phase of strengthening of the Israeli currency as geopolitical risks decline and the local economy remains stable. The expert also drew attention to US intervention in dollar-yen trade to curb the yen's weakening. According to him, prolonged yen weakness could force Japan to sell some of its US Treasury holdings to buy yen, reducing imported inflation. He called this step exceptional, showing that the currency market has become a strategic arena with global influence.