Israel Set to Look Past Shekel Rally and Hold Interest Rates
A ceasefire with Iran announced by President Donald Trump last month — halting Israeli and US strikes on the Islamic Republic's military and nuclear programs — drove a rally in the shekel. Last week, the currency was at its strongest against the dollar in three years, erasing drops following Prime Minister Benjamin Netanyahu's judicial overhaul attempts and Hamas' Oct. 7 attacks which triggered a 21-month war.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Newsweek
15 minutes ago
- Newsweek
The Bulletin July 4, 2025
The rundown: The Social Security Administration (SSA) has celebrated the passage of President Donald Trump's One Big Beautiful Bill Act, describing it as "landmark" legislation that provides "long-awaited tax relief to millions of older Americans." Get more details. Why it matters: The SSA specified that the legislation enacts a $6,000 tax deduction for individuals aged 65 or older with income up to $75,000—or up to $150,000 for married couples. Above these thresholds, the deduction phases out, ending at incomes of $175,000 for individuals and $250,000 for couples. Read more in-depth coverage: AOC Warns of ICE 'Explosion' After Trump Bill Passes TL/DR: The SSA's response comes amid fierce political debate over the bill's long-term consequences for retirees and the federal budget. What happens now? Trump is scheduled to sign the "One Big Beautiful Bill" into law in the Oval Office at 5 p.m. ET on Friday. The new Social Security deduction provisions are set to take effect in tax year 2026 and remain in effect through 2028. Deeper reading Social Security Responds to Trump's 'Big, Beautiful Bill'
Newsweek
15 minutes ago
- Newsweek
The Bulletin July 5, 2025
The rundown: President Donald Trump said the flooding in Texas and deaths was "terrible" and "shocking" as he pledged federal support. All you need to know. Why it matters: At least 24 people were dead and many missing after torrential rains unleashed flash floods along the Guadalupe River in Texas on Friday. Among the missing are at least 23 girls from an all-girls summer camp located on the banks of the river. Read more in-depth coverage: Deadly Texas Flooding: Live Tracker Maps TL/DR: Asked about the floods while speaking to reporters aboard Air Force One as he headed to his New Jersey golf club, Trump said: "It's terrible. The floods? It's shocking." What happens now? Rescue operations remain underway. Asked if the government would be sending federal aid, the president said: "Oh yeah, we'll take care of them. We're working with the governor. We're working with the governor. It's a terrible thing." Deeper reading Donald Trump Responds To Fatal Texas Flash Floods: 'Shocking'
Newsweek
15 minutes ago
- Newsweek
The Bulletin July 7, 2025
The rundown: Amid the ongoing Israel-Hamas war, Israeli Prime Minister Benjamin Netanyahu is headed to the United States for talks on Monday with President Trump. Here's what to expect. Why it matters: Netanyahu told reporters at Ben-Gurion Airport when asked about a hostage deal that his team was "working to reach this deal under the terms we have agreed to," the Times of Israel reported. The prime minister added that he also believes "the discussion with President Trump can certainly help achieve a ceasefire agreement with Hamas. Read more in-depth coverage: Iran's Commanders Send Warning to U.S. TL/DR: The visit has been in the works for over a week, with expectations that the two leaders will discuss Iran's nuclear program, ending the war in Gaza and the Abraham Accords. What happens now? In an unusual move, Monday's meeting is not formal talks but instead dinner at 6:30 p.m. ET. Previously, Trump and Netanyahu have held talks in the Oval Office. Additionally, the meeting will be closed to reporters, according to Israeli outlet Haaretz. Deeper reading Netanyahu to Visit White House as Peace Talks With Hamas Continue
