Breaking Update

US Dollar Hits New 32-Plus-Year Low Against the Shekel

The US Dollar hit a 32-year low against the Israeli Shekel on May 6, 2026, influenced by President Trump's announcement on Iran negotiations.

May 6, 2026 at 5:22 pm Gil Tanenbaum Economy

Jerusalem, 6 May, 2026 (TPS-IL) — The US Dollar fell ‎-1.393% against the Shekel on Wednesday, May 6, hitting a low it has not seen in more than 32 years, not since October 1993.

The Bank of Israel set the official exchange rate at the End of Day Wednesday at 2.9030 New Israeli Shekels to $1.

This came after today’s overall drop in the US Dollar’s value against the world’s major currencies that experts attributed to President Trump’s announcement that he would temporarily halt America’s military operation to escort ships through the Straight of Hormuz in order to renew negotiations with Iran for a permanent deal.

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