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The new Israeli shekel (NIS) fell close to an eight-year low against the US dollar on Monday in the aftermath of Operation Al-Aqsa Flood led by the Palestinian Islamic The Israeli shekel just hit its lowest level against the U.S. dollar in more than seven years, as the escalating military conflict in the country tests the currency and marks one The Israeli new shekel touched its weakest level against the U.S. dollar in more than eight years on Monday as investors fretted about the potential economic blowback of a prolonged conflict Israel’s shekel plummeted Monday to an 8-year low of 4 shekels per US dollar, due to investors’ growing concern over Israel’s ongoing conflict with the Palestinian militant group Hamas. In retaliation, Israeli airstrikes targeted housing blocks, tunnels, a mosque, and Hamas officials' homes in Gaza. These events have significantly impacted the Israeli SINGAPORE, Oct 9 (Reuters) - The Israeli shekel fell to an almost eight-year low against the U.S. dollar on Monday as conflict in the Middle East escalates. Fighters from Islamist group The Israeli shekel fell to an almost eight-year low against the U.S. dollar on Monday as conflict in the Middle East escalates.

Shekel Sinks to 8-Year Low as Israel-Hamas War Continues

The Israeli shekel (NIS) has plummeted to its weakest level in over eight years against the U.S. dollar as the ongoing conflict with Hamas intensifies. Investors are increasingly concerned about the potential economic blowback of a prolonged conflict, driving the shekel to a new low.

On Monday, the new Israeli shekel (NIS) fell close to an eight-year low against the US dollar in the aftermath of Operation Al-Aqsa Flood led by the Palestinian Islamic group. This marked a significant test for the currency as the escalating military conflict unfolded.

Israel’s shekel plummeted Monday to an 8-year low of 4 shekels per US dollar, reflecting investors’ growing unease over Israel’s ongoing conflict with the Palestinian militant group Hamas. In retaliation, Israeli airstrikes targeted housing blocks, tunnels, a mosque, and Hamas officials' homes in Gaza, further exacerbating the situation.

The Israeli shekel fell to an almost eight-year low against the U.S. dollar on Monday as conflict in the Middle East escalates. Fighters from Islamist group added to the market's concerns.

The Israeli shekel just hit its lowest level against the U.S. dollar in more than seven years. The Israeli new shekel touched its weakest level against the U.S. dollar in more than eight years on Monday, highlighting the currency's vulnerability in the face of geopolitical uncertainty.

The ongoing hostilities are significantly impacting the Israeli economy, and the shekel's weakness reflects the market's apprehension about the future.

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