Are we close to the collapse of the US dollar?

Following the sharing of inflation data in the United States, the dollar appears to have interrupted its upward trend, leaving room for other currencies.
Stock markets therefore continue to depend closely on economic data, as well as on the monetary policy decisions of the Federal Reserve.
Not surprisingly, an increase in the EUR/USD exchange rate is observed.
The USD/JPY exchange rate is also at the center of the discussions, due to the worrying comments expressed by the governor of the Bank of Japan, Kazuo Ueda.
US inflation and the US dollar The price index of personal consumption expenditures, known as PCE, increased 0.3% from the previous month (MoM) and 2.4% year-on-year in January, in compliance with analysts' expectations.
This index represents one of the main parameters used by the Federal Reserve to monitor price trends in the country.
As a result, the market reacted significantly to the disclosure of this data.
The data, provided by the US Bureau of Economic Analysis, is in fact a dynamic indicator that adapts better to consumption habits than the traditional PCE.
Despite a positive growth in this value, the market reacted positively to the fact that the result remained in line with analysts' estimates.
Stock traders sold dollars, as evidenced by the DXY (Dollar Index), which reflects the performance of the dollar against a specific basket of currencies.
This is due to the fact that the size of the PCE directly affects market expectations regarding the Federal Reserve's monetary policy decisions, and a controlled inflation rate favors a possible reduction in interest rates.
How is the dollar performing compared to other currencies? The DXY has halted its growth, with the EUR/USD appearing to gain strength again for two weeks.
The EXY, the euro index, recorded two weeks of increases, even though it started March in negative territory.
At the center of the discussions, the USD/JPY exchange rate is experiencing a strong appreciation, thanks to comments from the governor of the Bank of Japan, Kazuo Ueda.
The latter appears hesitant about winning the fight against inflation, and this is worrying considering the country's economic context.
From a technical point of view, the EUR/USD exchange rate is showing a fluctuating trend due to the continuous changes linked to the interest rate prospects of the ECB and the Federal Reserve.
Currently, the exchange rate is heading towards the 1.1 zone.
Instead, the USD/JPY exchange rate is about to reach the highs of the last two years, approaching the 152 level.