The US dollar index fell due to weak employment data, and the market expects the Federal Reserve to cut interest rates

According to Jin Ten, 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 from the Federal Reserve's Standing Repo Facility (SRF) has dropped to zero.