The USD Index shed to its lowest since late February 2022 in the Asia-Pacific morning session, bottoming at 97.45, and last reporting at 97.49.US President Donald Trump is considering announcing the successor to Fed Chair Jerome Powell in September or October, aiming to undermine Powell's position, the Wall Street Journal reported. Related NewsNew Home Sales MoM for May in United States is -13.7%, lower than the previous value of 10.9%.Kieran Williams, Head of Asia FX at InTouch Capital Markets, indicated that this move might spark concerns about the possibility of eroding the Fed's independence and damaging its credibility, potentially leading to a realignment of interest rate expectations and prompting investors to reassess their US dollar positions, Reuters reported.