Middle East war boosts Oil, NFP miss shakes US Dollar
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The Middle East crisis has escalated into an all-out war after the US and Israel assassinated the Supreme Leader of Iran on February 28. Iran not only targeted Israel but also attacked United States (US) military bases around the Persian Gulf. The Strait of Hormuz has been blocked by Iranian forces, cutting off Asia’s primary source of oil. As demand for safety skyrocketed, the biggest beneficiary was not who you are guessing; it was the Greenback, which took investors’ focus away from the bright metal as the US Dollar Index (DXY) traded around the 99.70 price region during the week, now settling down at 99.00, staying muted on Friday. On another note, the US Nonfarm Payrolls (NFP) report indicated a decline of 92K in employment in February, significantly missing expectations for an increase of 59K. Additionally, January’s figure was revised down from 130K to 126K. Additionally, the Unemployment Rate rose slightly to 4.4%, up from 4.3%. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD -0.07% -0.27% 0.06% -0.59% -0.22% -0.11% -0.59% EUR 0.07% -0.21% 0.16% -0.53% -0.16% -0.05% -0.54% GBP 0.27% 0.21% 0.38% -0.32% 0.05% 0.16% -0.33% JPY -0.06% -0.16% -0.38% -0.66% -0.29% -0.19% -0.67% CAD 0.59% 0.53% 0.32% 0.66% 0.36% 0.47% -0.01% AUD 0.22% 0.16% -0.05% 0.29% -0.36% 0.11% -0.39% NZD 0.11% 0.05% -0.16% 0.19% -0.47% -0.11% -0.49% CHF 0.59% 0.54% 0.33% 0.67% 0.01% 0.39% 0.49% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column…
Filed under: News - @ March 6, 2026 7:21 pm