USD/ILS will continue to move lower in the following days

The pair will continue to move lower in the following days toward its January 2018 low. Palestinian leader Mahmoud Abbas cut all its ties with the United States and Israel. This was after he rejected the peace plan presented by the two (2) countries. The conflict between the Arab and Jewish country started 53 years ago. This was after Israeli’s occupation of the West Bank, Gaza Strip, and the Golan Heights. On the peace plan was the agreement of Palestinian demilitarization. The continuous support of America to Israel, politically and economically, is an advantage for the Jews and the Israeli Shekel. In other news, the US is set to report its Consumer Price Index (CPI) report today, February 13. On the recent report, US CPI month-over-month (MoM) advanced 0.1%, below the forecast and previous record of 0.2%. The Consumer Price Index will determine the figures for inflation, which is important for monetary policies created by the Fed.