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Colombia's peso dipped after the central bank raised its benchmark rate by 75 basis points to 12.75%, a smaller increase than most analysts expected. Emerging market stocks were flat but on track for a fifth straight weekly gain, and the Colombian peso was still on track for a third weekly gain.
Currency moves in Latin American exporters can shift the competitiveness of their soy and feed exports only marginally, so this is mainly a background signal for feed buyers tracking EM financial conditions.
financialpost.comReutersJan 27, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
