The dollar index fell to a one-week low as markets anticipated a Federal Reserve rate cut in December.

The dollar index (DXY) fell to a one-week low as investors digested weak U.S. jobs data. October layoffs surged, and the market anticipates a Federal Reserve rate cut in December. ING analyst Chris Turner noted that the dollar's decline may reflect improved money market conditions, with the Fed's overnight standing repo facility borrowing falling to zero.