Israeli Shekel Plummets to 8-Year Low Amid Rising Israel-Gaza Death Toll and Falling Investments
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Israeli currency shekel fell to an 8-year low against the US dollar on Monday amid clashes with Hamas in Gaza.
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Over 550 Palestinians and over 700 Israelis have been killed in the conflict so far.
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The shekel dropped over 3% against the dollar, its worst drop in years.
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Experts believe the shekel will continue to fall due to rising escalation.
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Foreign investment in Israel plunged 60% in the first quarter of 2022 compared to previous years.