: Dollar rallies against Israeli shekel after part of reform measure passes

The dollar USDILS surged to 3.7163 Israeli shekels, from 3.663 shekels on Monday. Israel’s government passed the first part of its controversial judicial reform on Monday. The measure prevents judges from striking down government decisions on the basis they are “unreasonable.” The dollar has gained 5% against its Israeli counterpart this year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.