Photo Credit: Noam Revkin Fenton/flash90

The U.S. dollar has again weakened against the growing strength of the New Israeli Shekel (NIS).

On Thursday, for the first time since August 2014, the rate was NIS 3.493 against the US dollar.

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It was down 0.22 percent against the euro, with Thursday’s rate at NIS 3.994.

Since the beginning of this year, the dollar has dropped nine percent against the shekel.

So far, the Bank of Israel has not intervened.


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Hana Levi Julian is a Middle East news analyst with a degree in Mass Communication and Journalism from Southern Connecticut State University. A past columnist with The Jewish Press and senior editor at Arutz 7, Ms. Julian has written for Babble.com, Chabad.org and other media outlets, in addition to her years working in broadcast journalism.