USD is trading at $93.69 (+3.25%) after a weaker-than-expected July payrolls report reduced expectations for near-term Federal Reserve tightening, supporting rate-sensitive growth stocks.
- Nasdaq futures were higher, with chip and software shares leading premarket gains.
- Reuters reported that stronger forecasts from Microchip Technology and Atlassian lifted semiconductor and technology sentiment on August 7, 2026.
- USD’s leveraged semiconductor exposure amplified the sector rebound.