Israel’s Shekel Surges Most in Four Years After Bollinger Break
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The shekel jumped the most in almost four years after it broke through a technical level that triggered selling of the dollar.
Israel’s currency surged as much as 1.8 percent, the most since May 2011, before trading 1.3 percent stronger at 3.8475 against the greenback at 5:15 p.m. in Tel Aviv. The shekel has now gained 4.4 percent since touching a more than two-year low on Jan. 23 and was the fourth-best performer Thursday among 31 major currencies tracked by Bloomberg.