# EMERGING MARKETS-Colombia's peso lags Latam FX, Argentina central bank delivers big hike | Kitco News

> Argentina's central bank raised its benchmark rate by 10 percentage points to 91% to fight high inflation and steady a peso that has tumbled on the black market. Colombia's peso lagged other Latin American currencies after the finance minister's ouster, and the premium on Colombia's international bonds widened 21 basis points to 430.

- Date: 2023-04-27 · published 2023-04-27T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/36713-emerging-markets-colombia-and-apos-s-peso-lags-latam-fx-argentina-central-bank
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md), [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Argentina's aggressive tightening is an attempt to contain currency weakness that affects the country's grain and oilseed export pricing. Colombia's wider bond spread and weaker peso reflect rising risk premiums in the region.

## Read by commodity

- USDARS: neutral
- USDCOP: bullish ▲

## Sources

- kitco.com: https://www.kitco.com/news/off-the-wire/2023-04-27/emerging-markets-colombiaaposs-peso-lags-latam-fx-argentina-central

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