# EMERGING MARKETS-Colombian peso up after inflation data; Latam FX, stocks slip on the week

> Colombia's peso gained on Friday after consumer prices rose a more-than-expected 10.15% in November, far above the central bank's target. Most other Latin American currencies rose as well after strong US jobs data, though MSCI's Latam currency gauge edged down 0.1% as the dollar strengthened.

- Date: 2023-12-08 · published 2023-12-08T12:00:00.000Z
- Category: macro · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/32984-emerging-markets-colombian-peso-up-after-inflation-data-latam-fx-stocks-slip-on
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger US data reduces expectations for early Fed cuts, supporting the dollar and pressuring emerging-market currencies, which matters for dollar-denominated feed import costs in the region.

## Read by commodity

- DXY: bullish ▲
- USDBRL: neutral
- USDCOP: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2019-11-21 | [EMERGING MARKETS-Latam FX muted after mixed signals on trade; Brazil stocks gain](https://feedsoft.ai/events/56373-emerging-markets-latam-fx-muted-after-mixed-signals-on-trade-brazil-stocks-gain.md) | +1.5% | -3.3% |
| USDBRL | 2023-09-26 | [EMERGING MARKETS-Brazil's real steady after inflation data, Hungary trims interest rates](https://feedsoft.ai/events/34325-emerging-markets-brazil-s-real-steady-after-inflation-data-hungary-trims.md) | +2.3% | +0.7% |
| USDBRL | 2023-08-30 | [EMERGING MARKETS-Latin American currencies up on weaker dollar; Brazil's real lags on rate-cut speculation](https://feedsoft.ai/events/34788-emerging-markets-latin-american-currencies-up-on-weaker-dollar-brazil-s-real.md) | +2.3% | +4.1% |
| USDBRL | 2020-10-20 | [Colombia's peso leads rise among Latam FX after approving 2021 budget \| Financial Post](https://feedsoft.ai/events/50918-colombia-s-peso-leads-rise-among-latam-fx-after-approving-2021-budget-financial.md) | +0.6% | -4.3% |
| USDBRL | 2020-05-07 | [Latam FX on fragile footing after coronavirus shock, downside risks linger \| Financial Post](https://feedsoft.ai/events/53338-latam-fx-on-fragile-footing-after-coronavirus-shock-downside-risks-linger.md) | +4.2% | -10.3% |
| DXY | 2023-02-16 | [Stocks fall on strong U.S. inflation data, Colombian peso leads FX losses \| Financial Post](https://feedsoft.ai/events/37625-stocks-fall-on-strong-u-s-inflation-data-colombian-peso-leads-fx-losses.md) | +0.5% | +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% |
| 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% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/emerging-markets-colombian-peso-inflation-204604637.html

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