TechFlow, Nov. 7 — According to Jinshi Data, the dollar index DXY fell to a one-week low as investors continued to digest weak U.S. private-sector employment data released on Thursday. Challenger's job-cut report showed a sharp rise in layoffs in October, reinforcing market expectations of another Fed rate cut in December. During the U.S. government shutdown, with official data unavailable, markets have become increasingly reliant on private-sector indicators. Chris Turner, analyst at ING, noted in a report that the dollar's decline may also reflect improved money market conditions—the Fed's overnight standing repo facility (SRF) borrowing has dropped to zero, compared to usage as high as $50 billion just a week earlier.
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