# EMERGING MARKETS-Latin American stocks, FX hold gains after Fed policy decision; Colombia peso up after rate cut

> The US Federal Reserve held rates steady and dropped its longstanding reference to possible further hikes, while traders trimmed bets on cuts starting in March. Colombia's central bank cut its benchmark rate by 25 basis points to 12.75%, and the Colombian peso gained about 0.4%. Latin American stocks and currencies edged higher.

- Date: 2024-01-31 · published 2024-01-31T12:00:00.000Z
- Category: macro · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/32405-emerging-markets-latin-american-stocks-fx-hold-gains-after-fed-policy-decision
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Easing dollar-rate expectations and a firmer Colombian peso shift emerging-market currency flows, which can affect the cost of imported feed ingredients priced in dollars. The effect on grain and meal prices is indirect and likely modest.

## Read by commodity

- DXY: neutral
- USDCOP: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-07-29 | [South African rand tracks subdued market peers ahead of Fed interest rate decision \| MarketScreener Australia](https://feedsoft.ai/events/18639-south-african-rand-tracks-subdued-market-peers-ahead-of-fed-interest-rate.md) | -0.9% | -2.0% |
| DXY | 2019-09-27 | [Sterling slips after BOE policymaker says Brexit uncertainty could mean a rate cut](https://feedsoft.ai/events/57313-sterling-slips-after-boe-policymaker-says-brexit-uncertainty-could-mean-a-rate.md) | -0.1% | -1.4% |
| DXY | 2024-09-18 | [Dollar gains ground after Fed delivers bumper 50 basis point rate cut](https://feedsoft.ai/events/28505-dollar-gains-ground-after-fed-delivers-bumper-50-basis-point-rate-cut.md) | -0.4% | +1.9% |
| DXY | 2018-07-19 | [Dollar and gold falters as Trump hits fed, stocks drop: markets wrap - MINING.COM](https://feedsoft.ai/events/63947-dollar-and-gold-falters-as-trump-hits-fed-stocks-drop-markets-wrap-mining-com.md) | -0.4% | +1.6% |
| DXY | 2024-10-31 | [Dollar Consolidates, Yen Gains After BOJ Decision](https://feedsoft.ai/events/28112-dollar-consolidates-yen-gains-after-boj-decision.md) | +0.7% | +1.4% |

## Sources

- cnbcafrica.com: https://www.cnbcafrica.com/wire/570451/

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