Due to the continued drag from weak U.S. employment data, the U.S. Dollar has weakened.

BlockBeats News, November 7th, the US Dollar Index (DXY) fell to a one-week low as investors continued to digest weak US private sector employment data from Thursday. US Challenger business layoff data showed a sharp increase in layoffs in October, reinforcing market expectations of another Fed rate cut in December. During the US government shutdown, due to a lack of official data, the market has become more reliant on data from private institutions. Analyst Chris Turner from ING pointed out in a report that the dollar's decline may also reflect an improvement in the money market conditions—the borrowing volume for the Fed's overnight standing repo facility (SRF) has dropped to zero, whereas a week ago, the facility was being used for up to $500 billion. (FXStreet)