image sourced from original article at Israel's shekel has climbed to a 30-year high against the United States dollar, trading at 3.01 shekels to the dollar and nearing the key psychological threshold of 3 shekels. The currency has not been this strong since 1995.
The appreciation is being driven by cautious optimism surrounding a possible resumption of talks with Iran and potential negotiations involving Lebanon, improving sentiment about Israel's geopolitical outlook.
Market analysts also point to expectations of a sharp rise in defense exports and continued overseas fundraising by Israel's high-technology sector as additional factors strengthening the currency.
