Israeli currency drops to eight-year low ...News

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Israeli currency drops to eight-year low
The shekel has plunged amid the escalation in violence following an attack by militant group Hamas The Israeli shekel fell 3% against the US dollar on Monday to trade at more than 3.96, marking its weakest level in eight years. The currency has plunged amid the escalation in the conflict between Israel’s security forces and Palestinian armed groups in Gaza.  Israel’s benchmark TA-35 stock index also dropped on Monday, falling 0.3% and extending a 6.5% decline from Sunday.  Stock markets across the Middle East likewise dipped due to concerns that the conflict could spread. Dubai’s benchmark gauge lost 2.8%, Egypt’s

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