USD is trading 3.4% up today as semiconductor and broader tech stocks extend a sharp rebound following cooling inflation data and strong mega-cap earnings.
- Cooling U.S. inflation and the Fed’s rate hold are lifting high-beta semiconductor names, driving outsized gains in this leveraged fund.
- Strong cloud and AI-related results from Microsoft and Amazon are fueling investor optimism across the chip sector.
- The rally marks a continuation of the recovery that began on July 30 as markets react to positive tech sector guidance.