# Emerging Markets-Latam markets slip as Warsh remarks lift Fed hike bets - ILF News | Rallies

> Latin American stocks and currencies fell on Monday as the US dollar strengthened after Fed Chair Kevin Warsh said recent data did not show a change in the US inflation trend and the Fed had more work to do. Traders added to bets on a September US rate hike, and the dollar rose 0.4% to a more than one-week high. Colombia's peso dropped 1.56% and the MSCI LatAm index fell 1.06%.

- Date: 2026-08-28 · published 2026-08-28T12:00:00.000Z
- Category: macro · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/18165-emerging-markets-latam-markets-slip-as-warsh-remarks-lift-fed-hike-bets-ilf
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A stronger dollar and higher US rate expectations tend to weaken emerging-market currencies, raising the local-currency cost of dollar-priced feed imports and pressuring Latin American buyers' margins. The effect on grain and meal prices is indirect and modest.

## Read by commodity

- DXY: bullish ▲
- USDBRL: bullish ▲
- USDCOP: bullish ▲
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-08-28 | [Emerging Markets-Colombian peso heads for worst week in three years on fiscal fears - ILF News \| Rallies](https://feedsoft.ai/events/18166-emerging-markets-colombian-peso-heads-for-worst-week-in-three-years-on-fiscal.md) | -0.2% | +1.7% |
| DXY | 2023-02-02 | [EMERGING MARKETS-Latam FX come off multi-year highs as dollar firms \| Kitco News](https://feedsoft.ai/events/37616-emerging-markets-latam-fx-come-off-multi-year-highs-as-dollar-firms-kitco-news.md) | +1.3% | +2.1% |
| DXY | 2022-06-15 | [EMERGING MARKETS - Latam FX slips after bruising selloff, Peru's sol rises - Monex USA](https://feedsoft.ai/events/41237-emerging-markets-latam-fx-slips-after-bruising-selloff-peru-s-sol-rises-monex.md) | -0.9% | +2.0% |
| DXY | 2023-12-08 | [EMERGING MARKETS-Colombian peso up after inflation data; Latam FX, stocks slip on the week](https://feedsoft.ai/events/32984-emerging-markets-colombian-peso-up-after-inflation-data-latam-fx-stocks-slip-on.md) | -0.9% | -1.1% |
| DXY | 2022-09-27 | [EMERGING MARKETS-Buoyant dollar weighs on Latam FX; stocks slide - Monex USA](https://feedsoft.ai/events/39791-emerging-markets-buoyant-dollar-weighs-on-latam-fx-stocks-slide-monex-usa.md) | -1.1% | -0.8% |
| USDBRL | 2026-08-28 | [Emerging Markets-Colombian peso heads for worst week in three years on fiscal fears - ILF News \| Rallies](https://feedsoft.ai/events/18166-emerging-markets-colombian-peso-heads-for-worst-week-in-three-years-on-fiscal.md) | -1.2% | +0.4% |
| USDBRL | 2023-05-02 | [EMERGING MARKETS-Brazil's real leads Latam FX down, stocks near one-month low \| Kitco News](https://feedsoft.ai/events/36149-emerging-markets-brazil-and-apos-s-real-leads-latam-fx-down-stocks-near-one.md) | +0.1% | +1.5% |
| USDBRL | 2021-02-25 | [EMERGING MARKETS-Mexican peso leads losses as high bond yields ravage Latam assets](https://feedsoft.ai/events/48859-emerging-markets-mexican-peso-leads-losses-as-high-bond-yields-ravage-latam.md) | +6.2% | +2.4% |

## Sources

- rallies.ai: https://rallies.ai/news/emerging-markets-latam-markets-slip-as-warsh-remarks-lift-fed-hike-bets-c272419b66d5d0f3

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