# Latam FX slides as dollar firms, Colombian peso hits near six-week low - Financial Post

> Latin American currencies slid on Wednesday as a stronger dollar followed retail sales data and high US inflation that suggested the Fed would keep hiking. The Colombian peso fell nearly 3% to a near six-week low after the economy grew 7.5% in 2022, below expectations. Analysts expected two or three more Fed hikes at most.

- Date: 2023-02-15 · published 2023-02-15T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/37628-latam-fx-slides-as-dollar-firms-colombian-peso-hits-near-six-week-low-financial
- 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 firmer dollar and expectations of continued Fed tightening raise the local cost of dollar-priced feed imports across Latin America. The effect on global grain and meal prices is minimal.

## Read by commodity

- DXY: bullish ▲
- USDCOP: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2022-01-27 | [Strong dollar hits Latam FX, Russian assets rise \| Financial Post](https://feedsoft.ai/events/43348-strong-dollar-hits-latam-fx-russian-assets-rise-financial-post.md) | +0.1% | +0.7% |
| DXY | 2023-01-05 | [Colombian peso hits 6-week low as U.S. data boosts Fed hike bets](https://feedsoft.ai/events/38077-colombian-peso-hits-6-week-low-as-u-s-data-boosts-fed-hike-bets.md) | -1.1% | -2.6% |
| DXY | 2020-10-15 | [Aussie hits two-week low; risk-off mood supports US dollar \| Financial Post](https://feedsoft.ai/events/50900-aussie-hits-two-week-low-risk-off-mood-supports-us-dollar-financial-post.md) | -0.7% | -1.2% |
| 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% |

## Sources

- financialpost.com: https://financialpost.com/press-releases/latam-fx-slides-as-dollar-firms-colombian-peso-hits-near-six-week-low-3/

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