USD is trading at $93.65, up 3.4% from the August 6 close of $90.54, as weaker-than-expected July payrolls raised hopes for easier Federal Reserve policy.
- July payrolls came in at 73K jobs versus 110K expected, while Nasdaq futures rose 1.22%.
- Chip-sector strength was supported by upbeat forecasts from Microchip Technology and Atlassian.
- Leveraged exposure to large U.S. semiconductor companies makes USD sensitive to technology futures and rate expectations; the move appears sector-led and ETF-leveraged, not driven by one holding.