Euro

While the dollar weakens against the shekel, another leading currency is recording an unusual strengthening of more than 3%, creating a surprising offsetting mechanism that directly affects investors and savers in Israel.

Washington and Tokyo carried out their first joint intervention in the foreign exchange market in years. The move involved selling euros and buying yen, an unusual step intended to support the Japanese currency without weakening the dollar.

The dollar is stabilizing against the shekel following the Fed's decision to keep interest rates unchanged. Amid new US strikes in Iran, the dollar trades near 3.08 shekels, while the euro continues to climb, reaching 3.52 shekels.