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The Colombian peso fell 1.5% to 4994.7 per dollar, reaching a six-week low, after strong US private payrolls and falling jobless claims. The data raised expectations that the Federal Reserve would keep rates higher for longer.
Stronger US labor data lifts the dollar and tightens financial conditions for emerging markets, which can weigh on Latin American commodity demand at the margin.
financialpost.comJan 5, 2023After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Not 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.
