But we should not overlook the factors that hold the balance in this market:  -  On the one hand we have foreign investors who started, in recent months, to buy foreign currency on a relatively large scale, apparently to hedge their exposure to the shekel, due to their long-term investments in Israel.
The timing may reflect a concern lest the stability of the currency will be impaired due to the rising military tension. -  This added demand for foreign currency is met by supply of Israelis, mainly from the business sector.