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Shekel Surges as Ceasefire With Iran Calms Markets

The Israeli shekel jumped sharply against major foreign currencies following the announcement of a ceasefire with Iran. The official dollar rate dropped by 2.13%, closing at 3.405 shekels, while the euro fell 0.97% to 3.948 shekels. The rally reflects renewed investor confidence and a sense of regional de-escalation — at least for now.


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