USD is trading 4.2% down today following several days of heavy declines in technology shares and renewed global selling in chip and high-growth names.
- Investors are continuing to unwind crowded trades as rate volatility and a stronger U.S. dollar pressure growth valuations.
- The leveraged ETF is seeing significant pressure as the broader tech sector faces a multi-day downturn.
- Overnight global market weakness in the semiconductor space is dragging leveraged tech exposure lower.