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In September, Reps. French Hill (R-Ark.) and Bill Foster (D-Ill.) said the central bank should consider a cryptocurrency to remain competitive.
Analysts at ANZ said that "the pace of diversification into other currencies will likely quicken going forward,” as the trade war rages on.
The pound pushed up 1.3% against the dollar and 1% against the euro on Friday.
China let its currency, the renminbi, slip earlier this month, sending markets crashing as it retaliated against the US in their trade war.
Trump’s tweet citing the ‘highest dollar in US history’ is flat-out wrong. Here’s where the dollar actually stands.
Trump has repeatedly expressed his desire for a weaker US dollar, saying it will improve the US's position in the global trade war.
The dollar just hit its highest level of 2019, even as Trump continues his full-court press for a weaker currency
There are a number of factors supporting the dollar's strength, including the trade war, which is dragging down global growth.
Trump ramps up his crusade for a weaker dollar, says the Fed’s rate decisions have ‘called it wrong at every step’
"As your President, one would think that I would be thrilled with our very strong dollar. I am not!" Trump tweeted Thursday.
Obama advisor Larry Summers warns the world is at ‘most dangerous financial moment’ since 2009 as global markets reel from trade war escal...
Global markets have followed Wall Street into freefall following a recent escalation in the US-China trade war.
The pound is in free fall — and the Bank of England just warned it could be hammered even harder by Brexit
The pound has shed 2.6% under Boris Johnson, its second-biggest drop in a prime minister's first week since 1976.
Boris Johnson's vow to pull the UK out of the EU at the end of October, with or without a deal, has hammered the currency. It could get worse.