Bank of Israel Buys $801 Million in Rare Market Intervention to Halt the Shekel’s Surge

The Bank of Israel purchased $801 million in May to stop the shekel from rising as the currency reached one of its strongest exchange rates against the U.S. dollar. Even so, the currency terminated May with its value rising by 4.6%. Israel’s Shekel Hits New Highs Even As Bank Of Israel Intervenes in FX Markets […]...