The dollar appears to have entered a downward trend

 

It’s notable that the 10-year Treasury yield remains barely above the 3.5% level it first reached in June, and far below its October peak of 4.33%.

John Authers Bloomberg 11 January 2023

https://www.bloomberg.com/opinion/articles/2023-01-11/emerging-markets-are-running-with-the-bulls-thanks-to-china-dollar