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Goldman Sachs warns legal reforms could harm shekel

In its latest report on global forex trading published on Friday, US investment bank Goldman Sachs economics research department warned that the government’s planned judicial reforms could harm the shekel. Shekel appreciates 4.8% against dollar in 2023 so far However, Goldman Sachs economists warn, “Judicial reforms proposed by Prime Minister Benjamin Netanyahu’s government have sparked concern among some investors, including locals, that the reforms could reduce judicial independence in Israel."