Bank OF Israel

USD/ILS is holding near 3.02950 after the Bank of Israel cut interest rates by 0.25%, pushing the pair higher in recent sessions. Traders are also watching regional tensions, with 3.00000 emerging as a key psychological support area.

The Israeli shekel has weakened against the U.S. dollar after the Bank of Israel reduced rates by 0.25%, lifting USD/ILS toward the 3.02950 area. Traders are now watching the 3.00000 psychological support zone, nearby resistance at 3.03500, and regional risk around Iran, Israel, and the U.S.