📊🇮🇱 INTEL BRIEF: THE DATA BEHIND ISRAEL’S $1.8B CURRENCY INTERVENTION Fresh central bank disclosures confirm that the Bank of Israel is actively dampening extreme shekel appreciation to protect the macroeconomy. Here is the operational breakdown of the data: • 💰 The Purchases: Official reports confirm BoI absorbed $801M in May and $1.027B in June to squeeze out speculative short-dollar positions. • 🏗️ The Offset: The government executed parallel foreign exchange maneuvers totaling $625M in June, slightly tempering the net asset accumulation. • 🪖 Macro Cohesion: This expansionary intervention directly pairs with recent interest rate cuts, preventing an over-muscled shekel from crushing national growth. • 🏛️ Total Reserves: Israel's sovereign war chest remains incredibly robust, holding steady at $238.7 billion. The Takeaway: With the exchange rate climbing back to the 3.02 level, the tactical mission is a success. High-tech sectors and exporters can finally breathe. I'm adjusting my macro outlook to reflect a 2.90 year-end target. Full analysis dropping later this week.