Why is DXY falling?

Ladies and gentlemen, can I please direct your attention to a perplexing market phenomenon? The US Dollar Index, widely known as DXY, has been on a steady decline. The question is, why is this happening? What factors are at play that are driving this downward trend? Is it the strengthening of other major currencies? Or perhaps, is it the result of changing economic policies or market sentiment? We must delve deeper into the data and analyze the global economic landscape to uncover the true reasons behind this significant movement in the DXY. I am keen to hear your insights and perspectives on this matter. Let's delve into this puzzle together.