Dollar Steadies Pre-Fed; Aussie Down 0.25%

Dollar index steadied in Asian trade as markets await the Fed’s meeting, with expectations of unchanged rates.
Australian dollar fell 0.25% after March CPI missed expectations, though inflation remained above the RBA’s 2‑3% target.
RBA has raised rates by 50 bps in 2026 and is likely to add another 25‑bp hike in May.
Asian currencies retreated amid US‑Iran war tensions and a Japan market holiday, with yen near 160 per USD.