After hitting a high of over 110, since the inflation announcement of yesterday, the DXY-US Dollar Index has dropped to around 107.
So, the US stock market rises, bonds rise (as interest rates drop) and foreign currencies rise.
So, as the Dollar becomes technically worth less, people seem less interested in safe yield and more interested in risk-on investments and moving out of the US dollar.
That said, a US dollar index of 106 is still historically very high - be careful out there
Jeff