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Banks in the USA recommended to buy shekels

Us banks Merrill Lynch and Morgan Stanley published a recommendation for investors that led to a sharp strengthening of the Israeli shekel against the U.S. dollar.

According to analysts of banks, the Bank of Israel will not attempt «to move against the wind and to actively intervene in the foreign exchange trading.» Both the Bank recommended investors to invest in Israeli currency.

It should be noted that the report was published after a meeting of analysts of banks with the Bank of Israel.

On the morning of Monday, March 5, the dollar fell by 1.05% and is trading around 3.45 shekels to the dollar.

Banks in the USA recommended to buy shekels 05.03.2018

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