# Rupee aided by growing Fed rate cut hopes, yuan slip may limit gains | MarketScreener

> The Indian rupee was expected to edge higher on Monday, supported by rising expectations of a Fed rate cut in September, though a weaker offshore yuan at 7.29 could limit gains. US June payrolls rose 206,000 with unemployment at 4.1%.

- Date: 2024-07-08 · published 2024-07-08T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/29572-rupee-aided-by-growing-fed-rate-cut-hopes-yuan-slip-may-limit-gains
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Expectations of Fed easing weaken the dollar and can ease import costs for emerging-market feed buyers, while yuan weakness offsets part of the rupee gain.

## Read by commodity

- DXY: bearish ▼
- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-08-04 | [China's yuan rebounds from 2-month low on weak US jobs and Fed rate cut expectations \| MarketScreener](https://feedsoft.ai/events/10144-china-s-yuan-rebounds-from-2-month-low-on-weak-us-jobs-and-fed-rate-cut.md) | -0.7% | -0.8% |
| DXY | 2024-08-26 | [US Dollar Falls After Powell Rate-Cut Signal but Downside Limited: GS - Markets Insider](https://feedsoft.ai/events/28988-us-dollar-falls-after-powell-rate-cut-signal-but-downside-limited-gs-markets.md) | +0.7% | -0.0% |
| DXY | 2023-07-27 | [Indian rupee to rise post what is seen as Fed’s last rate hike - Markets - Business Recorder](https://feedsoft.ai/events/35317-indian-rupee-to-rise-post-what-is-seen-as-fed-s-last-rate-hike-markets-business.md) | +1.2% | +1.9% |
| DXY | 2021-06-01 | [Dollar steadies, yuan slips after central bank moves to limit gains \| Financial Post](https://feedsoft.ai/events/46819-dollar-steadies-yuan-slips-after-central-bank-moves-to-limit-gains-financial.md) | -0.2% | +1.1% |
| DXY | 2020-03-03 | [GLOBAL MARKETS-Stocks slide, 10-year Treasury yield hits record low after Fed's emergency rate cut](https://feedsoft.ai/events/7172-global-markets-stocks-slide-10-year-treasury-yield-hits-record-low-after-fed-s.md) | +0.3% | +5.5% |
| USDCNY | 2023-01-17 | [Indian rupee weakens on yuan-led slide on Asian currencies - Markets - Business Recorder](https://feedsoft.ai/events/38053-indian-rupee-weakens-on-yuan-led-slide-on-asian-currencies-markets-business.md) | +1.3% | +1.8% |
| USDCNY | 2022-11-09 | [Yuan slips as weak inflation fans growth concerns - Markets - Business Recorder](https://feedsoft.ai/events/6250-yuan-slips-as-weak-inflation-fans-growth-concerns-markets-business-recorder.md) | -2.1% | -3.9% |
| USDCNY | 2023-04-19 | [China’s yuan softens ahead of key lending rate moves - Markets - Business Recorder](https://feedsoft.ai/events/36607-china-s-yuan-softens-ahead-of-key-lending-rate-moves-markets-business-recorder.md) | +0.8% | +1.4% |

## Sources

- marketscreener.com: https://www.marketscreener.com/quote/currency/INDIAN-RUPEE-US-DOLLAR-IN-2373570/news/Rupee-aided-by-growing-Fed-rate-cut-hopes-yuan-slip-may-limit-gains-47331598/

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