Posted 10/9/2023, 1:38:00 PM
Israel's Shekel Plummets to 7-Year Low as Central Bank Intervenes Amid Fallout from Hamas Attack
- Israel's currency fell to 7-year low after Hamas' attack on Saturday
- Israel's central bank sold $30 billion in foreign reserves to prop up its currency
- Strategists warned the conflict will hit markets, commodities, and inflation globally
- Shekel weakened 1.6% against dollar, hovering near 3.93 per dollar on Monday
- Bill Ackman slammed US leadership over its role in Middle East in social media post