# Colombia's peso falls after rate hike; EM stocks eye fifth weekly gain | Financial Post

> 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.

- Date: 2023-01-27 · published 2023-01-27T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/38073-colombia-s-peso-falls-after-rate-hike-em-stocks-eye-fifth-weekly-gain-financial
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

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.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/colombias-peso-falls-after-rate-hike-em-stocks-eye-fifth-weekly-gain

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