You have the chart in front of you, yet you cherry pick to confirm your bias. Look at the entire chart. The DXY is at a higher level than it has been for most of it's history (going back the the 1960s). Yes, it's down 10% this year. Guess what? It was up 22% in 2022, putting it at an extremely high level. There is nothing unusual about the dollar's strength at the moment. That could change given that the current administration is hell bent on destroying faith in the US, but as of right now, there's not much of a reaction.
Markets react to differences not historical averages.
The US did quite well economically compared to the rest of the world when dealing with COVID and its aftermath. So some reversion to the mean should be expected, but the timing here suggests it’s policy changes responsible for these trends.
Just eyeballing the all-time chart there, it looks like ~30 of the last 39 years had similar or lower levels. So the "even weaker" = "an increase in existing weakening" reading is supported while "even weaker" = "an increase in existing weakness" is not. Presumably the former was the intention.
Right, based off this phrasing I was expecting USD to be at 5-year lows compared to JPY, CHF, EUR, RMB, BRL, etc. but that does not seem to be the case
You imply that it is already weak, but this doesn't seem to bear out considering current vs historical exchange rates.