- Analytics
- News and Tools
- Market News
- USD/ILS to set a new target range of 3.22-3.32 – Credit Suisse
USD/ILS to set a new target range of 3.22-3.32 – Credit Suisse
The shekel is a currency that is subject to mixed, rather than net negative, influences from the crisis in Ukraine. All in all, analysts at Credit Suisse lift their USD/ILS target range to 3.22-3.32.
Wobble in US equity markets makes local investors net USD/ILS buyers
“The shekel is likely to see capital inflows from Russian investors who opt to move their assets-held-abroad away from ‘sanctioning’ countries such as the UK and Germany.”
“The Russia/Ukraine shock is unlikely to derail the central bank’s intention to raise its policy rate in the coming months.”
“USD/ILS is expected to remain highly negatively correlated with the S&P500 due to locals’ hedging activity.”
“We have decided to set a new target range for USD/ILS of 3.22-3.32.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
