USD continues decline across majors in Asia-Pacific session

The US dollar extended its broad-based decline during Thursday's Asia-Pacific trading session, with major currency pairs posting significant gains against the greenback. The dollar index fell 0.4% as traders continued to price in expectations of a more dovish Federal Reserve stance amid cooling inflation data and signs of economic moderation. EUR/USD climbed 0.35% to 1.1708, while GBP/USD advanced 0.42% to 1.3145. The yen strengthened notably with USD/JPY dropping 0.5% to 151.25, approaching key support at 151.00. AUD/USD and NZD/USD both gained approximately 0.6%, benefiting from the risk-on sentiment and commodity price strength. Technical analysis indicates the dollar index has broken below its 50-day moving average at 103.20, suggesting further downside potential toward 102.50. The persistent dollar weakness reflects shifting rate differential expectations and improving global risk appetite, with traders now focusing on upcoming US jobless claims and PCE inflation data.