Dollar Index Gets Support from a Non-FOMC Voter

The dollar index repeatedly built a base above 98.50 on Thursday and was trading near 98.90, with limited overall fluctuation. The English summary indicates that the market used all available factors on the schedule to hold this level, and the entire effort was worth only about a tenth of a point, reflecting the still-sticky tug-of-war between longs and shorts near the key support zone.

**Non-FOMC voter provides marginal support**

The support for the dollar index this time did not come from FOMC voters but from the remarks or stance of a non-voting member. Market reports show that such non-voter comments usually have limited direct impact on the policy path, but on trading days lacking major data or event guidance, they can still serve as a pretext for short-term funds to play on. From the chart, this support is relatively mild and did not push the dollar index into a trend-breaking move.

**Technical support zone temporarily solid**

From a technical structure, the 98.75 area's session low is the immediate support, followed by the 98.50 and 98.00 levels, while further down, only the early-May low near 97.60 is a structural level. The dollar index's current price remains above these support zones, meaning the short-term base-building has not been broken, but there is also insufficient buying momentum above to push prices away from this area.

**Watch for policy signals and event catalysts**

Market reports indicate that the upcoming FOMC meeting minutes, U.S. manufacturing PMI, and core PCE data will be released in the coming days, which could provide clearer direction for the dollar index. Until then, the index may continue to trade in a range above 98.50, and investor reactions to the non-voter's remarks are expected to remain short-term in nature, unlikely to generate a sustained trend.