# The dollar retreats to 3.17 shekels; “no rate cut on the horizon”

> 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.

- Date: 2026-11-09 · published 2026-11-09T06:09:48.530Z
- Category: macro · region Israel · magnitude low
- Page: https://feedsoft.ai/events/88790-the-dollar-retreats-to-3-17-shekels-no-rate-cut-on-the-horizon
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-07-18 | [Dollar retreats as rate hike bets ease](https://feedsoft.ai/events/40684-dollar-retreats-as-rate-hike-bets-ease.md) | -0.8% | -2.0% |
| DXY | 2020-02-27 | [Dollar retreats as coronavirus fallout raises expectations of rate cut - The HinduBusinessLine](https://feedsoft.ai/events/54780-dollar-retreats-as-coronavirus-fallout-raises-expectations-of-rate-cut-the.md) | -0.5% | +6.3% |
| DXY | 2025-08-06 | [Dollar falls as traders bet on more rate cuts](https://feedsoft.ai/events/23519-dollar-falls-as-traders-bet-on-more-rate-cuts.md) | -0.5% | -0.3% |
| DXY | 2020-03-01 | [Dollar retreats as coronavirus fallout raises expectations of rate cut](https://feedsoft.ai/events/54508-dollar-retreats-as-coronavirus-fallout-raises-expectations-of-rate-cut.md) | -0.8% | +4.0% |
| DXY | 2023-12-14 | [Euro-Dollar Closing On 1.10 As ECB Resists Rate Cut Bets](https://feedsoft.ai/events/8300-euro-dollar-closing-on-1-10-as-ecb-resists-rate-cut-bets.md) | -1.3% | -1.3% |

## Sources

- calcalist.co.il: https://www.calcalist.co.il/market/article/r4cfcuml6

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.