[Dollar Index Drops to One-Week Low, Impacted by Weak Employment Data] On November 7, the Dollar Index (DXY) fell to a one-week low as investors continued to digest weak employment data from the U.S. private sector. Challenger, Gray & Christmas Inc.'s report on corporate layoffs in the U.S. showed a surge in layoffs in October, strengthening market expectations for a Federal Reserve rate cut in December. ING analyst Chris Turner pointed out that the dollar's decline may be related to improved conditions in the money market, as borrowing under the Federal Reserve's Overnight Standing Repo Facility (SRF) has dropped from $50 billion a week ago to zero.