Israeli shekel falls to 8-year low

The Israeli shekel fell on Monday to an almost eight-year low against the U.S. dollar due to the ongoing war between Israel and Palestine.

Fighters from Palestine’s Hamas killed around 700 Israelis and abducted dozens during their attack on Israeli towns on Saturday.

Israeli air strikes came after hitting housing blocks, tunnels, a mosque and homes in the Gaza strip on Sunday.

it is worth mentioning that the currency pair is currently inactive during Asian hours.