USD is trading at $80.18 (-6.22%) as a sharp decline in technology and semiconductor stocks pressures high-beta chip names.

  • The move is driven by renewed AI valuation concerns and TSMC’s updated capex outlook, causing the Nasdaq to underperform into the open.
  • Growing Middle East tensions and rising oil prices have triggered a broader risk-off sentiment, weighing heavily on growth-oriented equities and overnight futures.