Analysis |

How America Is Beating Up the Israeli Shekel

Rising American inflation is to blame for the Israeli currency losing 8% against the dollar in five months. How much more could the shekel fall?

David Rosenberg
David Rosenberg
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David Rosenberg
David Rosenberg

“Oh, how the mighty have fallen,” lamented David when he learned that Saul and Jonathan had been killed in battle with the Philistines. We express similar sentiments in regard to shekel, which was no less mighty just a few months ago and has since fallen.

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