# Rupee set to rise as US dollar, yields retreat after weak job openings - Market News | The Financial Express

> The rupee was expected to open stronger on August 30 after weaker-than-expected US job openings pushed down the dollar index and Treasury yields. Job openings fell 338,000 to 8.827 million, the lowest since March 2021. Odds of a Fed rate hike in November dropped below 50%.

- Date: 2023-08-30 · published 2023-08-30T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/34865-rupee-set-to-rise-as-us-dollar-yields-retreat-after-weak-job-openings-market
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Softer US yields and a weaker dollar are a macro backdrop that lowers the dollar cost of dollar-priced commodities. This is a modest signal for feed input prices.

## Read by commodity

- DXY: bearish ▼
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-06-10 | [Possible Fed move to cap yield rise could further weaken U.S. dollar \| Financial Post](https://feedsoft.ai/events/52807-possible-fed-move-to-cap-yield-rise-could-further-weaken-u-s-dollar-financial.md) | +0.8% | +0.8% |
| DXY | 2023-02-02 | [Copper prices rise as Fed messaging weakens the dollar \| Financial Post](https://feedsoft.ai/events/37237-copper-prices-rise-as-fed-messaging-weakens-the-dollar-financial-post.md) | +1.3% | +2.1% |
| DXY | 2023-11-03 | [Stocks jump, dollar and yields drop after US jobs market softens](https://feedsoft.ai/events/11458-stocks-jump-dollar-and-yields-drop-after-us-jobs-market-softens.md) | -0.6% | -2.0% |
| DXY | 2024-02-16 | [Dollar retreats on weak US Retail Sales, bond yields slump](https://feedsoft.ai/events/31933-dollar-retreats-on-weak-us-retail-sales-bond-yields-slump.md) | -0.1% | -0.7% |
| DXY | 2025-09-16 | [U.S. grains: Corn, soy, wheat futures rise as dollar sags; crop yields eyed - Grainews](https://feedsoft.ai/events/6851-u-s-grains-corn-soy-wheat-futures-rise-as-dollar-sags-crop-yields-eyed-grainews.md) | +0.2% | +1.4% |

## Sources

- financialexpress.com: https://www.financialexpress.com/market/rupee-set-to-rise-as-us-dollar-yields-retreat-after-weak-job-openings-3227013/

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