Why did dollar drop so much recently?

Dollar has been on an up trend since last year. Now DXY dropped 10% from highs in October. Any idea why this is happening? With the expectation that Fed will pause or reverse course? That seems unlikely as Fed will most likely stick to its plan if nothing breaks?

Does these have anything to do with the dollar dropping?
1. China reopening with massive money printing and some of that spilled over.
2. US government likely to raise debt ceiling again to avoid default. That would make dollar less valuable.