Shekel weakens against USD after Gaza rocket retaliation

By Al Mayadeen English
Source: Agencies
10 May 2023 19:35
1 Shares

"Israel's" public securities exchange ('Tel Aviv' Stock Exchange) reported a slight drop in its TA-35 Index from 1.5% this morning to 0.84% at 1785.55 points at present.

An Israeli shekel note is seen in this June 22, 2017 illustration photo (Reuters)

Israeli news outlet The Globes reported on Wednesday that the shekel dropped against the greenback after the Palestinian resistance initiated an operation of retaliation from Gaza against the occupier earlier in the day.

Whilst the currency kicked off this morning with a good start, it later weakened after Gaza's operation began at 1:30 PM (local time).

As of now, the shekel-dollar exchange rate is up 0.60% at 3.64/$ and the shekel-euro rate is up 0.42% at NIS 4.001/€.

The central bank of "Israel" on Tuesday set the representative shekel-dollar exchange rate at 0.716% up from Monday, at NIS 3.659/$, and the representative shekel-euro rate was set at 0.047% higher at NIS 4.015€.

"Israel's" public securities exchange ('Tel Aviv' Stock Exchange) reported a slight drop in its TA-35 Index from 1.5% this morning to 0.84% at 1785.55 points at present.

Several rockets hit Israeli settlements where sirens were heard in central Israel including in "Tel Aviv."

According to Israeli media, the so-called Israeli "Home Front Command" directed all illegal settlers within a distance of 40 km from the Gaza Strip to head to fortified chambers, based on its assessment that this will not be the response of the Islamic Jihad movement, but rather the response will be stronger.

The Israeli media pointed out that the massive firing of rockets from Gaza in the meantime indicates the Palestinian Islamic Jihad (PIJ) movement's ability to launch heavy rocket salvoes toward "Israel", noting that the PIJ's rocket-firing strategy is based on not taking a break between one salvo and another.

The Israeli Broadcasting Corporation cited initial reports about a direct hit in "Sderot".

Navigational data also reported that air traffic was disrupted at Ben Gurion Airport in "Tel Aviv" as a result of the rocket fire from Gaza.

1/3
Sirens sounded in "Gush Dan" and "Tel Aviv" as the #Palestinian Resistance responds to Israeli crimes in the #Gaza Strip.
Here is some footage that is being circulated on different social media platforms.#Palestine pic.twitter.com/xWoNzcGwFN
— Al Mayadeen English (@MayadeenEnglish) May 10, 2023