Israeli Shekel Falls as June Trade Deficit Widens
Israel's new shekel weakened against the US dollar on Monday after the country's trade deficit widened to $4.21 billion in June from $3.06 billion a year earlier. Data from Israel's Central Bureau of Statistics showed the trade deficit reached $23.89 billion during the first half of 2026, marking a 32.2% increase from $18.07 billion in the same period last year. Israel's exports jumped 57.7% year over year to $5.98 billion, accelerating from May's 38.0% rise, while imports climbed 48.8% to $10.2 billion after increasing 25.9% previously. On the US front, the dollar softened before upcoming consumer inflation data and Federal Reserve Chairman Kevin Warsh's testimony, with the US Dollar Index slipping below 101 and limiting the dollar's broader advance against major currencies. At the time of writing, USD/ILS was trading at 3.0310, up 0.61%.
Israel's new shekel weakened against the US dollar on Monday after the country's trade deficit widened to $4.21 billion in June from $3.06 billion a year earlier.
Data from Israel's Central Bureau of Statistics showed the trade deficit reached $23.89 billion during the first half of 2026, marking a 32.2% increase from $18.07 billion in the same period last year.
Israel's exports jumped 57.7% year over year to $5.98 billion, accelerating from May's 38.0% rise, while imports climbed 48.8% to $10.2 billion after increasing 25.9% previously.
On the US front, the dollar softened before upcoming consumer inflation data and Federal Reserve Chairman Kevin Warsh's testimony, with the US Dollar Index slipping below 101 and limiting the dollar's broader advance against major currencies.
At the time of writing, USD/ILS was trading at 3.0310, up 0.61%.