# EM currencies muted as dollar rises, Colombia's peso falls again

> Emerging market currencies were little changed on Thursday as a strong dollar offset gains, after hot US inflation data and firmer producer prices raised expectations of further Fed tightening. The Colombian peso fell 0.6%, adding to the prior session's losses amid investor concerns over President Petro's reforms.

- Date: 2023-02-16 · published 2023-02-16T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/37627-em-currencies-muted-as-dollar-rises-colombia-s-peso-falls-again
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

Stronger US rate expectations keep pressure on EM currencies, raising import costs for dollar-priced feed in those markets. The impact on commodity prices is small.

## Read by commodity

- DXY: bullish ▲
- USDCOP: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-03-24 | [EM currencies face pressure as Dollar strengthens; Colombian Peso gains  \| Republic World](https://feedsoft.ai/events/31472-em-currencies-face-pressure-as-dollar-strengthens-colombian-peso-gains-republic.md) | -0.1% | +1.6% |
| DXY | 2022-04-22 | [AUD/USD falls as US yield surge pressures risk-sensitive currencies against US dollar \| IG AE](https://feedsoft.ai/events/42096-aud-usd-falls-as-us-yield-surge-pressures-risk-sensitive-currencies-against-us.md) | +2.5% | +2.0% |
| DXY | 2017-05-18 | [Dollar spikes against major currencies](https://feedsoft.ai/events/4359-dollar-spikes-against-major-currencies.md) | -0.1% | -0.8% |
| DXY | 2022-07-06 | [Dollar gains, euro falls as energy drives currency swings](https://feedsoft.ai/events/10285-dollar-gains-euro-falls-as-energy-drives-currency-swings.md) | +0.7% | -0.5% |
| DXY | 2023-04-14 | [Latam FX falls as dollar rises, Peru's sol bucks trend \| Reuters](https://feedsoft.ai/events/36693-latam-fx-falls-as-dollar-rises-peru-s-sol-bucks-trend-reuters.md) | +0.6% | +0.5% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/em-currencies-muted-as-dollar-rises-colombias-peso-falls-again

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