# Dollar strength weighs on Latam FX; copper prices lift currencies of Peru, Chile - Finance Funds Update

> A firm dollar pressured most Latin American currencies on April 18 as Federal Reserve officials signaled few rate cuts this year. The Chilean peso and Peruvian sol bucked the regional weakness, rising 1.3% and 0.6% against the dollar as copper hit a 22-month high. The MSCI Latam currency index slipped about 0.2%.

- Date: 2024-04-18 · published 2024-04-18T12:00:00.000Z
- Category: macro · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/31046-dollar-strength-weighs-on-latam-fx-copper-prices-lift-currencies-of-peru-chile
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger dollar and higher US rates raise the cost of dollar-denominated imports for emerging markets, which can weigh on demand for feed imports in the region. Copper strength supports the Chilean and Peruvian currencies but does not directly move feed prices.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-04-12 | [Latam currencies set for worst week in 6 months as dollar soars - Finance Funds Update](https://feedsoft.ai/events/31048-latam-currencies-set-for-worst-week-in-6-months-as-dollar-soars-finance-funds.md) | +1.1% | +0.5% |
| DXY | 2021-12-09 | [Strong dollar weighs on Latin American currencies \| Financial Post](https://feedsoft.ai/events/43821-strong-dollar-weighs-on-latin-american-currencies-financial-post.md) | +0.8% | -0.3% |
| DXY | 2024-01-29 | [Asia currencies limp into 2024 on Red Sea, China, Fed woes \| Insights - Finance Funds Update](https://feedsoft.ai/events/32355-asia-currencies-limp-into-2024-on-red-sea-china-fed-woes-insights-finance-funds.md) | +0.2% | +0.4% |
| DXY | 2022-10-03 | [Dollar up on euro as quarter ends, commodity led currencies sink - Business & Finance - Business Recorder](https://feedsoft.ai/events/9336-dollar-up-on-euro-as-quarter-ends-commodity-led-currencies-sink-business-and.md) | -0.2% | +0.1% |
| DXY | 2026-08-28 | [Dollar Strength and Increased Middle East Oil Flows Weigh on Crude Prices](https://feedsoft.ai/events/18056-dollar-strength-and-increased-middle-east-oil-flows-weigh-on-crude-prices.md) | -0.2% | +1.7% |

## Sources

- financefundsupdate.com: https://financefundsupdate.com/currencies/dollar-strength-weighs-on-latam-fx-copper-prices-lift-currencies-of-peru-chile/

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