The Gulf countries are dumping their gold reserves and buying dollars, that put a momentary halt on what was a steady declining trajectory for the USD. But since this blip isn't caused by structural reasons (nothing changed in the US economy), it will only last as long as these countries have gold to sell.

USD is currently weaker than EUR. That's been the case since before 2016 except for one little dip in late 2023.

It's been trending upward since 2025.

So I have no idea what metric you're using but no, this is objectively not the case.

This is likely due to the fact that oil is up. These things are a bit sticky and transfer a bit of momentum to each other.

If Oil goes the USD follow suits thanks to Petrodollar. This will happen until it's still easier to trade oil in dollars.

$100 will buy €87. On January 1st 2025 it bought €96

Had you bought $1000 of S&P on Jan 1st 2025 you'd have $1070

Had you bought $1000 of EUR on the same day and put it under the bed, you'd have $1100

$1000 in DAX in Euros would be $1250 today