Shekel surges sharply on election day: rises of 1.1% against the dollar and 1.4% against the euro

The shekel surged sharply on election day, with gains of 1.1% against the dollar and 1.4% against the euro. The dollar traded around 3.05 shekels and the euro around 3.40 shekels. The rises began around 10:00 AM, alongside the publication of initial turnout data showing exceptionally high voter turnout, approaching 45% - among the highest in decades. The article notes that the forex market dislikes uncertainty, and traders may see the high turnout as a sign of a clearer outcome, potentially shortening the period of political uncertainty. However, it is too early to determine exactly what is driving the shekel's strengthening.

The shekel surged sharply on election day, with gains of 1.1% against the dollar and 1.4% against the euro. The dollar traded around 3.05 shekels and the euro around 3.40 shekels. The rises began around 10:00 AM, alongside the publication of initial turnout data showing exceptionally high voter turnout, approaching 45% - among the highest in decades. The article notes that the forex market dislikes uncertainty, and traders may see the high turnout as a sign of a clearer outcome, potentially shortening the period of political uncertainty. However, it is too early to determine exactly what is driving the shekel's strengthening.

Shekel surges sharply on election day: rises of 1.1% against the dollar and 1.4% against the euro