USD is trading 5.9% lower at $91.23 in pre-market action as geopolitical tensions and a decline in Nasdaq futures trigger profit-taking in the AI and semiconductor sectors.
- The pullback follows a strong rally driven by AI optimism, with investors now moving toward a risk-off stance following reports of renewed US–Iran strikes.
- Broader market weakness is reflected in a 1.27% drop in Nasdaq-100 futures, weighing heavily on high-beta technology names after last week's significant gains.