# Stocks fall on strong U.S. inflation data, Colombian peso leads FX losses | Financial Post

> Latin American stocks and currencies fell on Thursday after hotter-than-expected US inflation and producer price data raised expectations of tighter Fed policy. The Colombian peso led regional losses, dropping 1.5% amid investor concerns over the Petro government's reforms. Colombia's 2022 growth also came in below forecasts.

- Date: 2023-02-16 · published 2023-02-16T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/37625-stocks-fall-on-strong-u-s-inflation-data-colombian-peso-leads-fx-losses
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

A stronger dollar and tighter US rate expectations raise the local-currency cost of dollar-priced feed imports in Latin America. The effect on grain prices is limited to the currency channel.

## Read by commodity

- DXY: bullish ▲
- USDCOP: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-04-21 | [Oil-sensitive Mexican, Colombian pesos lead losses in Latam \| Financial Post](https://feedsoft.ai/events/53907-oil-sensitive-mexican-colombian-pesos-lead-losses-in-latam-financial-post.md) | +0.6% | -0.2% |
| DXY | 2023-12-08 | [EMERGING MARKETS-Colombian peso up after inflation data; Latam FX, stocks slip on the week](https://feedsoft.ai/events/32984-emerging-markets-colombian-peso-up-after-inflation-data-latam-fx-stocks-slip-on.md) | -0.9% | -1.1% |
| DXY | 2022-09-13 | [Latam FX slump as hot U.S. inflation sends dollar soaring \| Financial Post](https://feedsoft.ai/events/39796-latam-fx-slump-as-hot-u-s-inflation-sends-dollar-soaring-financial-post.md) | +1.4% | +3.5% |
| DXY | 2021-03-05 | [Latam FX struggle against buoyant dollar; Surging oil lifts Colombian peso \| Financial Post](https://feedsoft.ai/events/48397-latam-fx-struggle-against-buoyant-dollar-surging-oil-lifts-colombian-peso.md) | +0.2% | +0.9% |
| DXY | 2023-02-15 | [Latam FX slides as dollar firms, Colombian peso hits near six-week low - Financial Post](https://feedsoft.ai/events/37628-latam-fx-slides-as-dollar-firms-colombian-peso-hits-near-six-week-low-financial.md) | +0.8% | +1.8% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/stocks-fall-on-strong-u-s-inflation-data-colombian-peso-leads-fx-losses

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