Local currency weakens 6% and stocks drop as foreign investors step up activity in Israel's foreign exchange market, amid concern over economic repercussions of overhaul
The shekel was the world's third weakest performing currency in December. Meitav Dash chief economist Alex Zabezhinsky says foreign investors could be concerned by government actions.
The market has already priced in the expected and nobody foresees the unexpected, which is maybe why economists so often get their predictions badly wrong.