Core Viewpoint - The US dollar index (DXY) has fallen to a one-week low as investors digest weak private sector employment data from the previous Thursday, reinforcing expectations for a potential interest rate cut by the Federal Reserve in December [1] Group 1: Employment Data - Challenger job cuts data indicates a significant increase in layoffs in October, which has heightened market expectations for a rate cut by the Federal Reserve [1] - The lack of official data during the US government shutdown has led the market to rely more on private sector data [1] Group 2: Market Conditions - Analysts from ING, including Chris Turner, suggest that the decline in the dollar may also reflect an improvement in money market conditions [1] - The borrowing amount for the Federal Reserve's Standing Repo Facility (SRF) has dropped to zero, down from $50 billion a week prior [1]