USD is trading at $78.89, down 7.37%, as September CPI accelerated to 3.7% year over year, reviving higher-rate expectations and pressuring growth stocks.

  • Semiconductor and AI shares extended the tech selloff: the Nasdaq fell 1.9% on October 14, while Asian chipmakers slid sharply on October 15.
  • USD targets 2x the daily performance of a U.S. semiconductor index, amplifying sector declines.
  • ASML reported strong results, but broader rate and AI-investment concerns outweighed the positive news.