US equities fell following a weaker‑than‑expected US labour market report, while ongoing Middle East tensions drove another leg higher in oil prices. Treasury markets saw whipsaw price action, while an early lift in the US dollar index faded into the weekly close. An dip in oil prices during Asian trading proved short‑lived. Adding to the upside pressure, reports that Kuwait has begun cutting output at some fields due to storage constraints saw oil prices surge higher. Oil sensitive currencies including the Canadian dollar and Norwegian krone outperformed within the G10 basket.

Source: Stuff March 09, 2026 08:32 UTC