Reported about 6 hours ago
Following the commencement of a ceasefire between Israel and Hamas, traders show increased optimism towards the shekel, marking the least pessimism towards Israel's currency in three years. While bearish options remain pricier than bullish ones, the gap has narrowed, indicating a more favorable outlook. The Israeli economy is expected to benefit from the reduction in conflict, although uncertainties remain regarding the longevity of the truce amid internal and regional tensions.
Source: YAHOO