Credit rating agency upholds Israel's A+ rating with belief that overhaul won't be implemented in its original form and confidence in the country's resilient economy

Currency has plunged 5% since beginning of the month; analysts expect Bank of Israel will raise interest rates in response

Exchange rate hits NIS 3.77 before settling at NIS 3.763, up more than 1% over the day before; euro also makes gains

Morgan Stanley cuts Israel sovereign credit to 'dislike stance'; Citi cautions investors about 'constitutional crisis' scenario over legislation approved despite lack of consensus

Passage of first bill of contested judicial overhaul, despite mass protests, raises country's risk premium; credit rating agencies likely to put Israel on close watch, says IBI

Local currency returns to losses amid renewed uncertainty over the advancement of proposed changes to the judicial system

Consumer price index surprises with lower-than-expected monthly figure of 0.2% versus analysts' expectations of 0.5%-0.6%

Currency regains earlier losses after opposition's surprise win of seat on panel; Israeli shares close lower amid investor concern over ability to reach broad compromise

International economic organization slightly lowers Israeli GDP forecast to 2.9% in 2023 and 3.3% in 2024, notes underperformance of shekel and local stock market

Rattled market sends exchange rate to NIS 3.73 per dollar for only third time since early 2017; Lapid blames budget passage, noting currency muscled up when he was in power