The shekel remains fairly undervalued against the dollar and the euro and the overall macroeconomic picture means that it doesn't face any immediate downward pressure. Fundamentally the Israeli economy is still looking very solid.
Serhan Cevik
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Sharon's illness creates the risk of a political vacuum, leaving his party without a clear direction. It's definitely negative for the currency and we could see further weakness in the shekel.
Lucy Bethell
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