# EM currencies face pressure as Dollar strengthens; Colombian Peso gains  | Republic World

> Emerging market currencies fell on Friday, with the MSCI Latin American currency index down 0.4% on the day and 0.2% on the week, and the EM currency index posting its worst week since January. The dollar hit its strongest weekly performance in ten weeks, while the Colombian peso gained 0.4% after the central bank cut rates by 50 basis points and raised its growth outlook.

- Date: 2024-03-24 · published 2024-03-24T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/31472-em-currencies-face-pressure-as-dollar-strengthens-colombian-peso-gains-republic
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

A stronger dollar tends to pressure EM currencies and can weigh on dollar-denominated commodity prices, while a firmer peso lowers the local-currency cost of Colombian import demand for feed inputs.

## Read by commodity

- DXY: bullish ▲
- USDCOP: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-02-16 | [EM currencies muted as dollar rises, Colombia's peso falls again](https://feedsoft.ai/events/37627-em-currencies-muted-as-dollar-rises-colombia-s-peso-falls-again.md) | +0.5% | +1.1% |
| DXY | 2022-04-22 | [AUD/USD falls as US yield surge pressures risk-sensitive currencies against US dollar \| IG AE](https://feedsoft.ai/events/42096-aud-usd-falls-as-us-yield-surge-pressures-risk-sensitive-currencies-against-us.md) | +2.5% | +2.0% |
| DXY | 2018-08-07 | [Ringgit to remain weaker as US dollar strengthens against most currencies \| Borneo Post Online](https://feedsoft.ai/events/63779-ringgit-to-remain-weaker-as-us-dollar-strengthens-against-most-currencies.md) | +1.4% | +1.4% |
| DXY | 2023-02-28 | [Dollar advances and heaps pressure on commodity currencies](https://feedsoft.ai/events/37239-dollar-advances-and-heaps-pressure-on-commodity-currencies.md) | -0.7% | -0.9% |
| DXY | 2022-07-29 | [The strengthening of the U.S. dollar against the Latin American currencies - Latinoamérica 21](https://feedsoft.ai/events/40785-the-strengthening-of-the-u-s-dollar-against-the-latin-american-currencies.md) | -0.2% | +0.8% |

## Sources

- republicworld.com: https://www.republicworld.com/business/markets/emerging-market-currencies-face-pressure-as-dollar-strengthens-colombian-peso-gains

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