# Peru | At the pace of the FED: will it be different this time? | BBVA Research

> BBVA Research analyzes how the Fed's ongoing rate hikes are causing volatility in global asset and currency prices. It notes that past aggressive Fed tightening triggered the Latin American debt crisis of the early 1980s, but says the region now has independent central banks, stronger financial systems, flexible exchange rates and better public finances. It expects the current tightening to still pressure regional markets.

- Date: 2022-09-19 · published 2022-09-19T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/39869-peru-at-the-pace-of-the-fed-will-it-be-different-this-time-bbva-research
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

Fed tightening strengthens the dollar and pressures Latin American currencies, which can raise the local-currency cost of imported feed inputs and weigh on regional demand for feed.

## Read by commodity

- DXY: bullish ▲
- USDPEN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-02-23 | [The market has adjusted its views of how the Federal Reserve will raise interest rates](https://feedsoft.ai/events/42642-the-market-has-adjusted-its-views-of-how-the-federal-reserve-will-raise.md) | +1.0% | +1.2% |
| DXY | 2017-10-27 | [Gold holds gains after Federal Reserve says it will leave rates unchanged - The Business Times](https://feedsoft.ai/events/67896-gold-holds-gains-after-federal-reserve-says-it-will-leave-rates-unchanged-the.md) | -0.1% | -1.4% |
| DXY | 2019-04-30 | [Market alert: Will the Fed cut interest rates? \| XTB](https://feedsoft.ai/events/59760-market-alert-will-the-fed-cut-interest-rates-xtb.md) | -0.1% | +0.7% |
| DXY | 2026-02-02 | [Fed chair designation renews fears of won weakening - The Korea Times](https://feedsoft.ai/events/20840-fed-chair-designation-renews-fears-of-won-weakening-the-korea-times.md) | +0.3% | +0.7% |
| DXY | 2022-04-19 | [U.S. dollar rockets to 20-year peak vs yen on Fed, BOJ policy difference](https://feedsoft.ai/events/42035-u-s-dollar-rockets-to-20-year-peak-vs-yen-on-fed-boj-policy-difference.md) | +1.5% | +3.3% |

## Sources

- bbvaresearch.com: https://www.bbvaresearch.com/en/publicaciones/peru-at-the-pace-of-the-fed-will-it-be-different-this-time/

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