The U.S. dollar hovers around the 104.19 mark as economic indicators show signs of contraction. The ISM PMI has dipped below 50, signaling potential challenges for the dollar’s stability. Traders are now focusing on upcoming economic data that may guide the direction of pairs like GBP/USD and EUR/USD. The market remains sensitive to fluctuations in economic signals, reflecting broader concerns about growth prospects. As the dollar faces uncertainty, it’s crucial for traders to evaluate data that could alter market sentiment.