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Gaza Peace Plan Boosts Shekel Amid US-Promised Withdrawal
ByAinvest
Sunday, Oct 5, 2025 4:11 am ET1min read
The Israeli shekel has strengthened against the US dollar and euro following the response of Hamas to the US-sponsored peace plan for the Gaza Strip. The plan, sponsored by US President Donald Trump, aims to iron out the details of implementation in Cairo. The shekel-dollar rate rose 0.27% to 3.315 and the shekel-euro rate rose 0.28% to 3.8914. However, after Trump's optimistic post regarding Hamas's consent to the release of Israeli hostages, the shekel rallied, with the rates currently at 3.291 against the dollar and 3.8688 against the euro.
The Israeli shekel has shown resilience against the US dollar and euro following Hamas' response to the US-sponsored peace plan for the Gaza Strip. The shekel-dollar exchange rate rose by 0.27% to 3.315, while the shekel-euro rate increased by 0.28% to 3.8914. However, after US President Donald Trump's optimistic remarks regarding Hamas' consent to the release of Israeli hostages, the shekel rallied, with the rates currently at 3.291 against the dollar and 3.8688 against the euro [1].The strengthening of the Israeli shekel can be attributed to the cautious optimism surrounding the peace plan. Hamas has expressed readiness to release all Israeli hostages, alive or dead, under the terms of the Trump proposal. Additionally, the group has reiterated its agreement to hand over the administration of the Gaza Strip to an independent Palestinian body [2].
The peace plan, sponsored by the US, aims to iron out the details of implementation in Cairo. It outlines a deradicalized Gaza, technocratic governance, and a pathway to Palestinian self-determination. The plan also includes provisions for the redevelopment of Gaza and the establishment of a special economic zone [1].
Investors and financial professionals should closely monitor the developments in Gaza as the peace plan progresses. The strengthening of the Israeli shekel indicates a potential shift in market sentiment, driven by the perceived stabilization of the region. However, caution is advised, as the success of the peace plan remains uncertain and depends on the willingness of both parties to adhere to the agreed terms.
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