USD is trading 5.1% down today as escalating U.S.–Iran hostilities push Brent crude above $100, reviving inflation and growth concerns.
- Higher energy prices are lifting Treasury yields and pressuring rate-sensitive technology and semiconductor equities.
- September 10’s August PPI showed persistent headline inflation; softer core PPI only partially limited the market’s hawkish reaction.
- Nasdaq weakness and the technology sector’s 31% portfolio exposure are amplifying the leveraged ETF’s decline; the move is independently reported.