Dollar demand soared on Monday after militants from the Palestinian organization Hamas carried out deadly attacks in several Israeli cities over the weekend. In response, Israeli airstrikes hit multiple targets in the Gaza Strip, marking the country's deadliest day of violence in 50 years.
The dollar/yen pair also received support, falling 0.1% to 149.16, but trading range was limited due to Japan's holiday closure.
In contrast, the Israeli shekel has fallen to an eight-year low of 3.9230 shekels against the U.S. dollar, and the Bank of Israel announced it will raise up to $30 billion in foreign currency in an initial open market sale. Central Bank. Foreign exchange to maintain stability.
The dollar/yen pair also received support, falling 0.1% to 149.16, but trading range was limited due to Japan's holiday closure.
In contrast, the Israeli shekel has fallen to an eight-year low of 3.9230 shekels against the U.S. dollar, and the Bank of Israel announced it will raise up to $30 billion in foreign currency in an initial open market sale. Central Bank. Foreign exchange to maintain stability.
