Australia's dollar held an intraday gain after the Reserve Bank of Australia left rates unchanged but reiterated that returning inflation to target was its highest priority.
AUD/USD gained 0.4% to 0.6269, at session highs; it moved upward after Governor Bullock said that the board did not explicitly discuss a rate cut, while swaps traders held May rate-cut bets to about 80%
The Bloomberg Dollar Spot Index eased 0.1% and Treasury yields fell across the curve ahead of President Donald Trump's announcement of his reciprocal tariff plan on April 2 in the White House Rose Garden, featuring country-based tariffs
"On balance, we are left with hawkish risks from the RBA," Josh Williamson at Citigroup Inc. in Sydney said in a research note; "The door appears to be closing on our view of a May interest rate cut"
USD/JPY fell 0.2% to 149.59. The yield on 10-year Treasuries slipped one basis point to 4.195%.
EUR/USD rises 0.1% to 1.0827 ahead of euro-zone inflation data that may affect the ECB's interest rate decision later this month.
Source: Bloomberg
