# Latam Daily: BanRep Preview; Latam FX Tracks Strong March | Post

> Scotiabank's Latam Daily previews a Banco de la República decision in which a 25bp hike is expected amid economic slowdown and moderating inflation expectations. Latam currencies, including the MXN and COP, have gained against the dollar in March, with the COP posting the region's top performance at 4.2%. Risk-on sentiment has lifted regional FX.

- Date: 2023-03-29 · published 2023-03-29T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/37156-latam-daily-banrep-preview-latam-fx-tracks-strong-march-post
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

A Colombian rate hike and a firmer peso lower the local-currency cost of dollar-priced feed imports, which modestly eases input costs for Colombian feed buyers. The effect on grain and meal prices themselves is small.

## Read by commodity

- USDCOP: bearish ▼

## Sources

- scotiabank.com: https://www.scotiabank.com/ca/en/about/economics/economics-publications/post.daily-publications.latam-daily.latam-daily.2023-issues.-march-29-2023-.html

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