The dollar index fell due to weak employment data, with the market expecting the Federal Reserve to cut interest rates

According to Jin Ten reports, the US dollar index DXY fell to a one-week low as investors continued to digest Thursday's weak US private sector employment data. The surge in layoffs in October reinforced market expectations for another rate cut by the Federal Reserve in December.

Chris Turner, an analyst at ING, pointed out that the decline in the dollar may also reflect an improvement in the currency market conditions, as the borrowing amount for the Federal Reserve's overnight standing repurchase facility (SRF) has dropped to zero.