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The shekel strengthened at the start of the week, with the dollar down 0.5% and the euro down 0.4% against it. Bank Hapoalim economists said shekel depreciation and political uncertainty had closed the near-term window for an Israeli rate cut, while local inflation was expected to return to the center of the target range by year-end.
A firmer shekel can lower the local-currency cost of imported feed and inputs. The article’s implications for rates are Israel-specific; the modest global dollar decline offers only a limited broad commodity-currency signal.
calcalist.co.ilמיקי גרינפלדNov 9, 2026After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
