# NY FX: Dollar near highs as Richmond and Cleveland Fed presidents support gradual rate hikes

> Richmond Fed President Thomas Barkin and Cleveland Fed President Beth Hammack expressed support for gradual, repeated rate increases. The dollar-yen rate fell as low as 157.69 amid risk-averse yen buying before stabilizing near 157.92; expectations of a December Fed hike eased from 80% to 70% after a technology-stock selloff.

- Date: 2026-11-05 · published 2026-11-06T00:09:53.554Z
- Category: macro · region United States, Japan · magnitude low
- Page: https://feedsoft.ai/events/82734-ny-fx-dollar-near-highs-as-richmond-and-cleveland-fed-presidents-support
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A stronger dollar can raise the cost of dollar-priced feed imports for buyers using other currencies, while a stronger yen has the opposite effect for Japan. The reported currency movements do not change physical feed supply or demand.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2016-12-16 | [Dollar near 14-year highs after Fed tips more rate hikes](https://feedsoft.ai/events/6461-dollar-near-14-year-highs-after-fed-tips-more-rate-hikes.md) | +0.0% | -1.3% |
| DXY | 2023-04-21 | [South African rand weaker as Fed rate bets support dollar \| CNBC Africa](https://feedsoft.ai/events/36686-south-african-rand-weaker-as-fed-rate-bets-support-dollar-cnbc-africa.md) | +0.3% | +0.8% |
| DXY | 2019-11-04 | [The Dollar Advances as Fed Rate Guidance and Trade War Headlines Offer Support](https://feedsoft.ai/events/55964-the-dollar-advances-as-fed-rate-guidance-and-trade-war-headlines-offer-support.md) | +0.5% | +1.0% |
| DXY | 2021-09-23 | [Gold prices ease as dollar firms on Fed rate hike comments \| Financial Post](https://feedsoft.ai/events/44965-gold-prices-ease-as-dollar-firms-on-fed-rate-hike-comments-financial-post.md) | +1.0% | -0.0% |
| DXY | 2026-06-30 | [US dollar holds near 13-month high as yen's slide, Fed rate hike bets boost the greenback](https://feedsoft.ai/events/19010-us-dollar-holds-near-13-month-high-as-yen-s-slide-fed-rate-hike-bets-boost-the.md) | -0.1% | -0.3% |

## Sources

- zaikei.co.jp: https://www.zaikei.co.jp/article/20261106/876346.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.