This drop sets the dollar back two months. So why is the dollar-shekel ratio declining? The dollar is weakening globally at the same time as inflation is falling. As soon as it is estimated that the interest rate will rise less, the investment in the dollar is apparently less attractive and it is sold in favor of other currencies. The sale of the dollar lowers the dollar rate and correspondingly strengthens the other currencies.
Also with us – as soon as the interest rate here in relation to the interest rate in the US is more attractive or changes are made or there is an expectation of such a change that changes the relationship, and yesterday there was such a change that gave preference to the shekel interest rate – then we sell dollars and buy shekels.
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