Dollar Holds; Aussie Down 0.25% on CPI

Dollar index steadied in Asian trade ahead of the Fed meeting, with markets expecting rates unchanged.
Australian dollar fell 0.25% after March CPI slightly missed expectations, though inflation remained above the RBA’s 2‑3% target.
Broader Asian currencies retreated amid US‑Iran war uncertainty; yen hovered near 160 per USD, BoJ kept rates unchanged.
RBA has raised rates 50 bps in 2026 and ANZ expects an additional 25‑bp hike in May.