USD is trading at $97.66, up +3.02%, as AI optimism and strong semiconductor momentum support leveraged chip exposure.
- AMD, Nvidia and other chipmakers benefited from improving AI investment expectations.
- Falling oil prices and easing supply-chain concerns support broader risk appetite; the Nasdaq Composite is up 0.63%.
- The move continues the September 21 semiconductor rally, with more measured gains as investors await Federal Reserve commentary and geopolitical developments.