The US dollar rose against most of the major currencies last week, but the upside momentum appeared to be to be dissipating, even before the FBI's announcement about new Clinton emails. There are a few exceptions like the greenback's performance against the Japanese yen, Canadian dollar, and Swedish krona. The dollar made new multi-month highs against all three currencies in the last two sessions. We suspect that much of the near-term good news for the dollar is passed. Next week, the FOMC statement is likely to be similar in tone and substance to the September statement, and the employment report may moderate. On ... (full story)