USDILS is a currency pair that includes the American dollar and the new Israeli shekel. When forecasting the USDILS rate, the current state of the US and Israeli economies should be taken into account. Production, trade, and services are the main sectors in the highly developed American economy. The most developed sectors of the Israeli economy are trade, financial and public services, production, transport, and communications. Tourism has a great potential for the economic growth of the country. The fastest-growing industry is high-tech. According to the expert assessment of the United Nations, Israel is among the top ten countries in the world in terms of the quality of scientific research and development. At the same time, more than 80% of high-tech products are exported, which positively influences the development of the national economy. In addition, Israel holds the leading position in the world in the production and marketing of diamonds, so changes in the price of precious metals impact on the Israeli shekel rate. When carrying out a comprehensive analysis of the US dollar’s evolution against the Israeli shekel, it is necessary to consider the main macroeconomic indicators of both countries — the size of refinancing rates, inflation rates, methods of monetary regulation, and labor market data. One can then trade USD/ILS both in the short and medium term.
Risk warning: Trading in FX and CFDs entails high risk of losing capital.
