USD is trading at $99.65 (+3.54%) as the technology and semiconductor sectors rebound sharply following Micron's strong quarterly results.
- Micron beat Q3 earnings expectations after the bell, lifting sentiment across the chip sector and related leveraged technology funds.
- The ETF is bouncing back after a two-day selloff, with analysts suggesting that short-covering may be amplifying the move into the close and after-hours.