USD weakens across board as China eases visa policy for 55 nations

The US dollar is experiencing broad-based selling pressure during Asian trading hours, with major currencies posting gains against the greenback. USD/JPY has declined 0.4% to test support near 155.20, while EUR/USD advanced 0.3% to 1.0780. Cable (GBP/USD) gained 0.35% to 1.2650, and USD/CHF dropped 0.3% to 0.8920. Gold prices surged 0.5% to $2,035 per ounce, reflecting risk-off sentiment and dollar weakness. China's announcement of expanded 10-day visa-free transit access to 55 countries, including Indonesia starting June 12, may be contributing to improved risk sentiment in Asian markets. The policy covers 60 entry points across 24 regions including Beijing and Shanghai. Technical indicators suggest further dollar weakness possible, with the DXY index breaking below the 104.50 support level. Traders should monitor upcoming US economic data releases for potential catalysts that could either reverse or accelerate the current dollar downtrend.