The dollar's outlook against its major peers remains challenging on expectations that the U.S. Federal Reserve is almost nearly done with its rate hike cycle.

Source: https://www.channelnewsasia.com/business/rupee-searches-direction-around-familiar-resistance-level-3220091?cid=cna_flip_070214

We see the appreciation of the BWCI confirming a significant trend reversal in Q4 22. The dollar's rally that pushed measures of valuation to historic proportions, is over, barring a new shock.

Source: https://seekingalpha.com/article/4575362-february-2023?source=feed_all_articles

With the dollar's expected retreat, the European single currency is finding its spot in the sun after briefly crossing below parity on lagging rate expectations in 2022.

Source: https://www.channelnewsasia.com/business/dollars-crown-slip-peers-catch-rates-race-reuters-poll-3397791?cid=cna_flip_070214