# Chile's peso leads gains on copper price boost, Mexico's peso at one-week high | Financial Post

> The Chilean peso led Latin American currency gains on higher copper prices, while the Mexican peso hit a one-week high after first-quarter GDP growth data. A jump in oil prices also supported the Mexican peso and the Colombian peso.

- Date: 2023-05-26 · published 2023-05-26T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/36163-chile-s-peso-leads-gains-on-copper-price-boost-mexico-s-peso-at-one-week-high
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Currency moves in major Latin American feed-importing economies change the local cost of dollar-priced grain and meal, while higher oil prices can lift energy and freight costs.

## Read by commodity

- WTI: bullish ▲
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-09-28 | [Oil up 1% on economic hope; virus fears check price gains \| Financial Post](https://feedsoft.ai/events/51280-oil-up-1-on-economic-hope-virus-fears-check-price-gains-financial-post.md) | -7.9% | -0.9% |
| WTI | 2021-01-19 | [Canadian dollar gains as stimulus hopes boost Wall Street \| Financial Post](https://feedsoft.ai/events/49373-canadian-dollar-gains-as-stimulus-hopes-boost-wall-street-financial-post.md) | +0.9% | +14.9% |
| WTI | 2022-06-07 | [Canadian dollar hits a 7-week high as yield spreads widen \| Financial Post](https://feedsoft.ai/events/41183-canadian-dollar-hits-a-7-week-high-as-yield-spreads-widen-financial-post.md) | +2.1% | -15.8% |
| WTI | 2020-12-02 | [Canadian dollar notches a 2-year high on higher oil prices \| Financial Post](https://feedsoft.ai/events/49875-canadian-dollar-notches-a-2-year-high-on-higher-oil-prices-financial-post.md) | +2.4% | +8.4% |
| WTI | 2020-02-12 | [Canadian dollar climbs to one-week high as virus fears ebb \| Financial Post](https://feedsoft.ai/events/54807-canadian-dollar-climbs-to-one-week-high-as-virus-fears-ebb-financial-post.md) | +6.6% | -33.8% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/chiles-peso-leads-gains-on-copper-price-boost-mexicos-peso-at-one-week-high

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