USD is trading at $90.51, down 5.27%, as renewed U.S.-Iran tensions and Strait of Hormuz disruption pushed Brent crude above $90, reviving inflation concerns.
- Sharply higher long-term Treasury yields, including the 30-year yield near 5.33%, pressured high-duration semiconductor and technology exposures.
- Weakness in the Nasdaq Composite (-0.88%) and leveraged-ETF volatility added to the decline.