I would slightly disagree. USD as measured by the DXY is as much if not more of a function of international demand for dollars (ie Eurodollar markets). There is

I would slightly disagree. USD as measured by the DXY is as much if not more of a function of international demand for dollars (ie Eurodollar markets). There is massive structural demand built into dollars based on coupon payments in $ denominated international sovereign and lessso corporate debt as well as international commodities markets.