Israel Election Could Swing Shekel By Three Percent
JPMorgan estimates Israel upcoming election could move the shekel by up to three percent. An opposition victory may strengthen the currency while another win for Netanyahu could cause a drop.
Israel's upcoming October election could swing the shekel by up to 3% in either direction, according to a JPMorgan report published on Thursday morning. The forecast highlights potential currency volatility as investors weigh a possible political transition. Current options pricing points to just a 1% move, which JPMorgan analysts called too low.
