The dollar index fell for a fourth straight session on Wednesday, slipping to 98.4, as traders awaited updates on potential Federal Reserve leadership changes. President Trump said Tuesday that he will name a nominee to replace outgoing Fed Governor Adriana Kugler by the end of the week, and revealed that he has narrowed his list of candidates for Fed Chair Jerome Powell’s replacement to four finalists. Market expectations for a rate cut in September have surged to around 90%, following a string of soft economic data. The latest ISM report showed an unexpected stagnation in the services sector, accompanied by rising price pressures. Adding to the dovish outlook, last week's jobs report revealed the US economy added just 73K payrolls in July, with significant downward revisions to figures from the previous two months — signaling a notable slowdown in the labor market. In response, President Trump dismissed BLS Commissioner Erika McEntarfer. The dollar was mostly lower against the euro.