US Dollar declines due to weak Retail Sales data

The US Dollar is under pressure as it declines following weaker-than-expected Retail Sales data. Investors are also preparing for significant political discussions, including a meeting between President Trump and President Putin regarding Ukraine. The US Dollar Index struggles to maintain levels below 104.00, with key resistance at 104.50 and support near 103.50. Market sentiment remains fragile due to ongoing geopolitical and economic uncertainties. Traders are awaiting the Federal Reserve's policy update on Wednesday, which is expected to influence market direction. Bond yields are currently directionless as investors assess the situation.