Greenback's Gains Fizzle After Reaching 2-Month highs

The US dollar spiked to fresh multi-month highs vs the euro, only to give back most of the days gains into the close. A dovish fed official in the afternoon session was to blame after it was suggested that the fed skip a month to raise short-term interest rates. US 10-year futures rallied for the 3rd straight day as a result, but now face stiff resistance in the form of the 200-day moving average and the key 114 region. Stocks, meanwhile, fell again as E-mini S&P 500 futures (ES) dipped back below 4200 to finish near the 10-day MA. NQ futures confirmed Tuesday's bearish candlestick to potentially shift momentum towards the 14200 region, where a key Fibonacci retracement lies.