The St. Louis Federal Reserve's James Bullard has crossed the wires and stated that the market-based expectations of inflation are "now relatively low" and that the economy is growing faster than previously thought with unemployment below the long-run rate and output above its potential.
He said inflation "remains too high" but note that it has come down recently noting that a "disinflationary" process had begun and could continue with additional Fed rate increases.
"Continued policy rate increases can help lock in a disinflationary trend during 2023, even with ongoing growth and strong labor markets, by keeping inflation expectations low."

As the above analysis illustrates, the US dollar, as measured against a basket of currencies, has been breaking to the upside and out of a geometrical consolidation's top side resistance albeit on the backside of the prior bullish trends supporting lines.
It has been a slow grind higher for the US Dollar and not even firmly hawkish Federal Reserve rhetoric and data have been able to free up the bulls from the clutches o the bears. However, should the DXY close firmly above 103.65/80 this week, a case for higher could be drawn, as per the following daily chart analysis:

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