USD is trading 3% up today as high-beta tech and semiconductor exposure recover from a sharp drop driven by profit-taking and Middle East geopolitical tensions.
- Risk sentiment is stabilizing ahead of the key June CPI release, with the Nasdaq-100 trending modestly higher in pre-market trading.
- The partial recovery follows a significant retreat on July 13, 2026, triggered by escalating Iran–U.S. tensions and a broader retreat from semiconductor positions.