The Israeli shekel rose nearly 1% on Tuesday, hitting a three-week high on reports of a strong turnout in the country's first election since October 7, 2023. The currency strengthened to 3.05 shekels per dollar, starting from a drop to 3.12 dollars on Monday. Major banks, including JPMorgan, predicted that the shekel could change as much as 3% in direction, depending on Tuesday's election results.

The Israeli shekel rose nearly 1% on Tuesday, hitting a three-week high on reports of a strong turnout in the country's first election since October 7, 2023. The currency strengthened to 3.05 shekels per dollar, starting from a drop to 3.12 dollars on Monday. Major banks, including JPMorgan, predicted that the shekel could change as much as 3% in direction, depending on Tuesday's election results.