The US dollar index (DXY) fell to a one-week low as investors continued to digest Thursday's weak US private sector jobs data. Challenger job cuts data showed a surge in layoffs in October, reinforcing market expectations for another Federal Reserve rate cut in December. During the US government shutdown, the market relied more heavily on private sector data due to a lack of official figures. Chris Turner, an analyst at ING, noted in a report that the dollar's decline may also reflect improved money market conditions—borrowing through the Federal Reserve's overnight Standing Repurchase Facility (SRF) has fallen to zero, compared to $50 billion a week ago. (Jinshi)