The shekel is at its weakest for five months against the dollar and the Tel Aviv Stock Exchange is falling sharply amid political and security tensions in Israel. The collapse of the ceasefire with Hamas and the revival of the judicial overhaul have increased uncertainty in the Israeli market and led to a rise in Israel's risk premium. The shekel has depreciated 2.7% against the dollar since the start of the month. The trend of the shekel weakening is expected to continue, according to IBI Investment chief economist Rafi Gozlan.
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