Israel’s shekel flat after Trump says US targeting Gaza Strip takeover

Israel’s shekel currency was largely flat against the dollar on Wednesday, after US President Donald Trump said his country would like to take over the Gaza Strip.

The shekel was trading at 3.56 versus the dollar, a change of 0.08 percent from Tuesday’s close. Israeli sovereign bonds were also little changed, as were those of Lebanon and Egypt.

Israel’s economy has largely weathered the war, while Lebanon’s defaulted dollar bonds returned around 100 percent last year as investors anticipated Middle East conflict weakening armed group Hezbollah.