USD is trading at $90.90, down 4.1% from its July 1 close of $94.80, as the leveraged ETF's heavy information technology exposure tracks a deepening global sector selloff.
- Pre-market weakness follows a major rout in Asian tech markets, led by a 7%+ crash in South Korea’s Kospi and significant declines in semiconductor leaders Samsung and SK Hynix.
- Investor sentiment is further pressured by escalating U.S.–Iran geopolitical tensions and caution ahead of upcoming U.S. jobs data, which continue to weigh on broader risk appetite.