The US dollar has come under pressure following the nomination of a new Federal Reserve governor by President Donald Trump. This nominee, who previously advocated for tighter monetary policy under the prior administration, has contributed to market uncertainty and a weakening dollar. Concurrently, the Bank of England's recent hawkish rate cut has also influenced the dollar's performance. Despite some intraday gains, the US dollar remains on track for a weekly loss amid these developments. Analysts note that while the Fed's policymaking process involves collective decisions through the Federal Open Market Committee (FOMC), the nomination reflects a gradual politicization of the central bank.