Given the success of the Israeli vaccination programme, the country’s economy is likely to recover faster than that of most eurozone countries. The question then becomes, could this lead to an excessive appreciation of the shekel? In the wake of recent Israeli parliamentary elections, we take a look...
EUR/ILS: the pair’s bearish supercycle isn’t over yet
The EUR/ILS pair’s evolution must be understood in cycles. In 2007, the pair (euro/shekel) had reached a historic high of 5.95, prior to the global financial crisis, which gave rise to a long-term bear cycle. Setbacks on the European end of things, from the banking crisis, to Greece’s collapse in 20...
