Compared to what? From Nov 3, 2024: the USD against:
GBP (3)%
JPY (1.7)%
EUR (6.7)%
INR 4.6%
AUD 1.3%
CAD .74%
RMB .4%
The EUR (if that is what you are going by) is unusually strong, and that's actually starting to cause issues. But the dollar isn't "collapsing".
> Compared to what?
In terms of the DXY "US Dollar Index"
The truth is, the currency markets are roughly where they were about a year ago, with the exception of EUR, but thats a special case which I think is a symbol if a misstep by the ECB.
By what standards? It’s slightly above the trend (i.e. continuous decline since 2008 with an occasional up and down here and the) but not that substantially
It's why you see Lagarde calling for a reserve EUR; it's the only way to export EUR at this point. But that's a topic for another time.