# Currencies: Colombian Peso Ends the Week Devalued Amid Expectations of New Reforms - Stocks and Securities | Investments and Western Union Colombia

> Stock futures fell after hawkish comments from Fed and ECB officials raised expectations for higher rates, and the dollar gained 0.6%, erasing its year-to-date losses. Markets now price the fed funds rate above 5.2% by July. The Colombian peso ended the week weaker amid expectations of new domestic reforms.

- Date: 2023-02-16 · published 2023-02-16T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/37629-currencies-colombian-peso-ends-the-week-devalued-amid-expectations-of-new
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher US rate expectations and a firmer dollar weigh on emerging-market currencies and raise the local cost of dollar-priced feed imports. Oil fell on rising US inventories and tighter Fed prospects.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- USDCOP: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-08-26 | [Currencies: High Volatility After J. Powell's Statements - Stocks and Securities \| Investments and Western Union Colombia](https://feedsoft.ai/events/40313-currencies-high-volatility-after-j-powell-s-statements-stocks-and-securities.md) | +1.1% | +3.4% |
| DXY | 2022-12-14 | [Currencies: Volatility Due to Monetary Policy Decisions in Europe - Stocks and Securities \| Investments and Western Union Money Transfers Colombia](https://feedsoft.ai/events/38505-currencies-volatility-due-to-monetary-policy-decisions-in-europe-stocks-and.md) | +0.2% | -2.0% |
| DXY | 2021-04-27 | [Treasury yields show nervousness after Jerome Powell's speech - Stocks and Securities \| Investments and Western Union Colombia](https://feedsoft.ai/events/47885-treasury-yields-show-nervousness-after-jerome-powell-s-speech-stocks-and.md) | +0.2% | -0.8% |
| DXY | 2021-06-16 | [Foreign Exchange Market Impacted by the Fed's Optimistic Speech - Stocks and Securities \| Investments and Western Union Money Transfers Colombia](https://feedsoft.ai/events/46882-foreign-exchange-market-impacted-by-the-fed-s-optimistic-speech-stocks-and.md) | +1.4% | +1.4% |
| 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% |
| WTI | 2022-12-14 | [Currencies: Volatility Due to Monetary Policy Decisions in Europe - Stocks and Securities \| Investments and Western Union Money Transfers Colombia](https://feedsoft.ai/events/38505-currencies-volatility-due-to-monetary-policy-decisions-in-europe-stocks-and.md) | +1.9% | +5.0% |
| WTI | 2017-05-06 | [Crude prices fall amid high inventories and concerns over China \| The National](https://feedsoft.ai/events/11195-crude-prices-fall-amid-high-inventories-and-concerns-over-china-the-national.md) | +3.5% | +2.5% |
| WTI | 2020-10-28 | [Stocks Post Worst Day in 4 Months as Infections Rise Around the Globe - The New York Times](https://feedsoft.ai/events/8189-stocks-post-worst-day-in-4-months-as-infections-rise-around-the-globe-the-new.md) | -4.8% | +13.6% |

## Sources

- accivalores.com: https://www.accivalores.com/en/otros-informes/7329-divisas-peso-colombiano-finaliza-la-semana-devaluado-a-la-expectativa-de-nuevas-reformas/

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