# Stocks jump, dollar and yields drop after US jobs market softens

> Global stock indexes rose sharply and the US dollar dropped to a six-week low on Friday after data showed US job growth slowed more than expected in October. Benchmark 10-year Treasury yields fell to five-week lows, with the dollar index down about 1.1% in afternoon trading.

- Date: 2023-11-03 · published 2023-11-03T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/11458-stocks-jump-dollar-and-yields-drop-after-us-jobs-market-softens
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The softer jobs data weakens the dollar and lowers yields, which generally supports dollar-priced commodities and feed ingredients, though weaker growth expectations cap demand optimism.

## Read by commodity

- DXY: bearish ▼
- SOY: bullish ▲
- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2023-11-03 | 1 | -0.9% | -3.2 | Same-day report of the dollar index falling about 1.1% as Treasury yields dropped after the jobs data directly describes the move via lower yield differentials. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-11-28 | [Dollar weakens as U.S. bond yields drop](https://feedsoft.ai/events/38899-dollar-weakens-as-u-s-bond-yields-drop.md) | -1.1% | -1.1% |
| DXY | 2023-11-03 | [US dollar tumbles to six-week low after soft jobs data](https://feedsoft.ai/events/11456-us-dollar-tumbles-to-six-week-low-after-soft-jobs-data.md) | -0.6% | -2.0% |
| DXY | 2019-10-02 | [Dollar falls vs yen, euro, tracking US stocks, yields](https://feedsoft.ai/events/56812-dollar-falls-vs-yen-euro-tracking-us-stocks-yields.md) | -0.2% | -1.5% |
| DXY | 2023-08-30 | [Rupee set to rise as US dollar, yields retreat after weak job openings - Market News \| The Financial Express](https://feedsoft.ai/events/34865-rupee-set-to-rise-as-us-dollar-yields-retreat-after-weak-job-openings-market.md) | +1.3% | +2.3% |
| DXY | 2019-09-30 | [Dollar falters after soft US manufacturing data](https://feedsoft.ai/events/57297-dollar-falters-after-soft-us-manufacturing-data.md) | -0.2% | -1.4% |
| CORN | 2023-11-03 | [US dollar tumbles to six-week low after soft jobs data](https://feedsoft.ai/events/11456-us-dollar-tumbles-to-six-week-low-after-soft-jobs-data.md) | +1.0% | -1.0% |
| CORN | 2018-01-24 | [Dollar extends rout, at three-year low after Mnuchin remarks; gold jumps \| Reuters](https://feedsoft.ai/events/10399-dollar-extends-rout-at-three-year-low-after-mnuchin-remarks-gold-jumps-reuters.md) | +1.0% | +1.6% |
| CORN | 2018-01-25 | [Dollar falls as market fears impact of Trump's US-centric stance - Nikkei Asia](https://feedsoft.ai/events/67210-dollar-falls-as-market-fears-impact-of-trump-s-us-centric-stance-nikkei-asia.md) | +0.1% | +0.8% |

## Sources

- reuters.com: https://www.reuters.com/markets/global-markets-wrapup-1-2023-11-03/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.