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Story summary
- The Israeli shekel closed at NIS 3.04 per U.S. dollar, a 30-year high.
- Ceasefire with Iran and negotiations with Lebanon drove the shekel's rise.
- Over the past year the shekel has appreciated by 22%, signaling optimism about Israel's geopolitical stability.
- Economists anticipate Bank of Israel intervention and potential rate cuts if inflation stays within target.
