USD is trading 8.7% higher today as growth-sensitive sectors and tech futures stage a sharp rebound following recent AI-driven volatility.
- The rally is fueled by a significant after-hours surge in Micron and Qualcomm, which has boosted demand for high-beta and leveraged equity products.
- Market sentiment has shifted to a broad risk-on stance, led by a recovery in the Nasdaq and tech-heavy futures.
- The price action appears driven by equity market momentum rather than any specific USD-related fundamental news.