DXY Falls after Payrolls, Still Set for Weekly Gain

2026-03-06 13:39 By Agna Gabriel 1 min. read

The dollar index fell to 99.1 on Friday after a worse-than-expected jobs report increased pressure on the Fed to consider resuming rate cuts.

US payrolls unexpectedly fell by 92,000 in February, marking the biggest monthly decline since October.

For the week, the dollar is still up around 1.5%, supported by safe-haven demand as the escalating Middle East conflict and rising oil prices unsettled financial markets.

The US-Israeli offensive against Iran has now entered its seventh day, while Tehran launched a fresh wave of missile and drone strikes across the Gulf.

Former President Donald Trump also stated he wants a role in selecting Iran’s next leader, dismissing Mojtaba Khamenei, son of the late supreme leader, as an unlikely choice.

Higher oil prices have fueled fears of resurgent global inflation.

The dollar gained most against the euro this week, reflecting Europe’s heavy reliance on Middle Eastern oil.



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