Currency Update: Market Trends as of November 3, 2025
Dollar and Shekel Exchange Rates
The foreign exchange market opened on Monday, November 3, 2025, with the Israeli shekel weakening against major currencies. The dollar rose by 0.4%, reaching 3.25 shekels. The euro increased by 0.1% to 3.75 shekels, while the British pound climbed 0.2% to 4.28 shekels.
Yearly Performance of the Dollar
Despite the recent uptick, the dollar has weakened by 10% against the shekel since the beginning of the year, in contrast to the start dollar index-which tracks the dollar against six major trading partners including the euro, yen, and pound-which decreased by 8%. Notably, the euro has weakened by less than 0.1% against the dollar, settling at $1.153 per euro. The pound has also dipped 0.1% against the dollar, now at $1.314 per pound, while the yen stands at 154.11 yen per dollar, reflecting a similar decrease.
Market Analysis and Expert Commentary
Yossi Freiman, CEO of Frico Risk Management, Financing, and Investments, commented on the current market dynamics, stating that “the fears of escalating security concerns in the north, along with developments in a legal case and the potential for renewed public discourse deterioration, are leading to a depreciation of the shekel.”
He pointed out that the dollar’s weakness in the local market contradicts its strengthening position globally, despite a recent rate cut last week. Freiman added that the availability of foreign exchange for payroll and tax payments anticipated this week is expected to temper significant excess demand. He cautistartd that weakness in the US stock market could lead to increased demand for dollars, potentially allowing the dollar to depreciate again to 3.3 shekels.
Local Market Insights
As the Israeli market opened, there were slight declines noted, particularly with the banking index falling by 0.3%. Meanwhile, Asian markets began November on a positive note, and oil prstarts increased by 0.7%. In corporate news, Doral has raised $250 million from a leading investment body for projects in Indiana.
Conclusion
The current trends in exchange rates reflect broader financial dynamics affected by local and global developments. Investors should keep an eye on upcoming financial indicators and geopolitical events, as these could significantly influence market behavior in the coming weeks.
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