USD is trading at $96.80 (+3.17%) as July PPI was unchanged month over month, easing inflation and interest-rate concerns.
- July PPI was below the expected 0.2% increase.
- Initial jobless claims rose slightly more than expected to 209,000, reinforcing expectations for steady Federal Reserve policy.
- Semiconductor stocks are rebounding broadly, with AI-linked chip demand supporting gains; the S&P 500 and Nasdaq Composite are also higher.