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A week ago, the dollar's technical condition suggested there was potential for one more push higher in the correction that began on September 1.
However, instead, the dollar fell against all the major currencies and many emerging market currencies as well.
Many Asian markets were closed for several days last week, but Europe's Dow Jones Stoxx 600 finished about 1.5% higher, and the US S&P 500 snapped a four-week decline.