US President Donald Trump said Thursday he was not happy with the strength of the dollar against other currencies.
Trump, in a tweet on Twitter, attributed the dollar's strength to the Federal Reserve's high interest rate, compared to other countries.
"As your president, one can think I should be thrilled with our very strong dollar," he said.
He added that "the high level of interest rates of the Federal Reserve compared to other countries keep the dollar high, which makes it more difficult for US manufacturers to compete in a level playing field."
He believed that the Federal Reserve to cut interest rates significantly, will make the dollar a place of strength for US companies to competitors.
Trump's comments come after the Federal Reserve cut interest rates by a quarter percentage point at the end of last month for the first time since October 2008, to a range of 2 - 2.25%.
Trump's desire to announce the Federal Reserve cut interest rates on federal funds by half a percentage point instead of a quarter of a point.
In the middle of last month, the International Monetary Fund said the US dollar was estimated to be overvalued by 6-12% based on the fundamentals of the economy in the near term.
On Wednesday, Trump stressed that the central bank should "cut rates further and faster to stop this absurd quantitative tightening now."
Trump remained true to his conviction that a strong dollar was hurting the US economy. In March, he said: "I want a strong dollar, but I want it beneficial to our country, not a strong dollar to prevent us from dealing with other countries."
Earlier this week, the United States officially accused China of deliberately devaluing the Chinese yuan against the dollar as part of the escalating trade war between the world's two largest economies.
The US-China trade war has cast a shadow over the global economy.