[HIGHLIGHTS] The shekel declines after Israel's rating was downgraded

The shekel declines after Israel's rating was downgraded. The shekel exchange rate fell in early trading to 3.69 shekels to the dollar.

Last Friday, Moody's said it lowered the government of Israel's foreign and local currency issuer ratings to "A2" from "A1" The reduction decision, Israel's first in more than 50 years, comes in the wake of a war launched by Tel Aviv in the Gaza Strip since last October 7, tension in the north with Hezbollah, and Houthi attacks on Israeli ships.