# Latam FX outpaces peers as Colombian peso extends rally | Financial Post

> Latin American currencies rose against a weaker dollar on Monday, with the Colombian peso gaining 1.7% for a fourth straight session. The Brazilian real rose 0.4% after Brazil said it would resume federal fuel tax collection. Analysts flagged political tensions and reform risks in Colombia.

- Date: 2023-02-27 · published 2023-02-27T12:00:00.000Z
- Category: market · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/37624-latam-fx-outpaces-peers-as-colombian-peso-extends-rally-financial-post
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Currency moves in Brazil and Colombia affect the local-currency cost of imported feed ingredients and the competitiveness of their exports. The moves are routine FX commentary with no major supply effect.

## Read by commodity

- USDBRL: bearish ▼
- USDCOP: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/latam-fx-outpaces-peers-as-colombian-peso-extends-rally

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