The Weakening Shekel and Its Implications on Israel's Economy

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An analysis of the weakening Shekel, the reasons behind it, and its potential implications on Israel's economy such as increased costs of imported goods and potential capital flight.

Israel will let basic humanitarian aid into Gaza through Egypt, traders have been increasing their bets against the Israeli shekel, TK Netflix, and Beijing is weighing holding up US chipmaker Broadcom’s $69bn acquisition of cloud software company VMware.

Mentioned in this podcast:

Joe Biden warns Israel to avoid 9/11 ‘mistakes’

Bets against shekel heap pressure on Israeli central bank

Beijing considers delaying approval of $69bn Broadcom-VMware deal

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The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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