USD is trading at $87.50, up 3.05% after in-line August CPI eased immediate rate concerns.

  • Annual inflation was 3.4%, matching forecasts and reducing fears of an upside surprise.
  • The Nasdaq Composite is up 1.07% as easing Treasury yields and softer oil prices lift technology and semiconductor equities after the September 10 selloff.
  • Brent crude remains above $100, while U.S.–Iran hostilities sustain geopolitical and inflation risks. As a leveraged technology-focused equity ETF, USD is driven chiefly by the broad Nasdaq recovery.