Israeli shekel loses 1.2% of its value following Haniyeh's martyrdom
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The Israeli shekel heads towards its largest sell-off in two years amid the assassination of Ismail Haniyeh and potential escalations toward a regional war.
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An undated photo of a man holding Israeli Shekel (AFP)
The Israeli shekel is spiraling towards recording the largest 3-day sell-off in two years, Bloomberg reported on Wednesday.
This reportedly comes amid concerns among traders over the exacerbation of the risk of a regional war in the Middle East following the assassination of the head of Hamas' political bureau, Ismail Haniyeh, in Tehran.
The currency lost about 1.2% of its value, rising to 3.7886 against the US dollar, bringing its three-day decline to 3.3%, the worst around the globe.
The Islamic Revolution Guard Corps in Iran announced the martyrdom of Ismail Haniyeh, alongside one of his guards in Tehran, on Wednesday.
Hamas confirmed the martyrdom of the Hamas leader, noting that the head of the political bureau was killed in a "treacherous Zionist airstrike on his residence in Tehran."
Read more: Global condemnations for assassination of martyr Ismail Haniyeh
