USD / DXY: The dollar index sits near 98.21, unable to reclaim the key 100 level for a third week running. The Fed held at 3.75% on April 29, but four officials dissented. That is the most internal disagreement since 1992, and it is keeping dollar bulls cautious heading into a heavy data week.
GBP: Sterling held near 1.3575, off 0.22% on the week. The BoE voted 8-1 to hold at 3.75%. With both the Fed and BoE in hold mode, GBP/USD remains tightly rangebound for now.
EUR: EUR/USD edged to 1.1723, down 0.14% on the week. The ECB has been on pause since early 2026, and with no ECB meeting in May, the euro is trading on macro data and geopolitical flow.
JPY: USD/JPY sits at 157.03. The yen saw a sharp mid-week rally on suspected Bank of Japan intervention, a clear signal that BoJ is actively defending against excessive yen weakness. Traders should respect the 155-160 zone.
AUD: The Aussie gained a modest 0.08% to 0.7208. The Reserve Bank of Australia is widely expected to raise rates by 25 basis points this Tuesday, from 4.10% to 4.35%. March CPI came in at 4.6%, well above target, giving the RBA clear grounds to act.
NZD: NZD/USD slipped 0.15% to 0.5900. The RBNZ’s relatively dovish stance at 3.50% continues to weigh on the kiwi versus the Aussie and most of the G10.
CHF: EUR/CHF sits near 0.9160. The franc is finding modest safe-haven support from ongoing geopolitical tension, though partial ceasefire progress has limited the upside this week.
