The US dollar has retreated to 102.68 as hopes for a tariff pause dissipate. Traders are now looking at upcoming Consumer Price Index (CPI) data to determine the next move of the Federal Reserve. In the meantime, GBP/USD and EUR/USD remain positioned near crucial technical levels. As uncertainties loom regarding trade policies, market participants must stay alert to any developments. This scenario represents a pivotal moment for the US dollar, influencing multiple currency pairs. Investors now analyze impending data that could steer monetary policy directions and market trends. Positioning now is critical for those involved in forex trading, and strategizing based on real-time data can make a significant difference.