USD is trading 7.3% down today as the semiconductor sector faces heavy selling pressure following a disappointing Trump–Xi summit.
- Sentiment soured after the meeting concluded without relief on U.S. semiconductor export controls, deflating hopes that had driven recent tech gains.
- The Nasdaq is underperforming major indices, reflecting particular weakness in growth and semiconductor names amid rising bond yields and renewed inflation worries.
- As a leveraged equity ETF heavily tilted toward information technology, USD is experiencing amplified volatility compared to the broader market pullback.