# EMERGING MARKETS-Colombian and Chilean pesos hit all-time-lows on commodity falls, recession fears

> Colombian and Chilean pesos hit all-time lows on July 11 as copper and crude prices fell and the dollar surged. Latin American stocks dropped more than 2% on weaker global demand concerns tied to Chinese COVID curbs.

- Date: 2022-07-11 · published 2022-07-11T12:00:00.000Z
- Category: macro · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/40784-emerging-markets-colombian-and-chilean-pesos-hit-all-time-lows-on-commodity
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Falling copper and oil prices with a strong dollar weaken Latam currencies, raising import costs for regional feed buyers and reflecting softer commodity demand.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2023-06-09 | [Falling commodity prices stoke fear of global recession](https://feedsoft.ai/events/6884-falling-commodity-prices-stoke-fear-of-global-recession.md) | -0.9% | +2.5% |
| WTI | 2022-07-12 | [Oil falls 8% as global recession fears spook market \| Oil and Gas News \| Al Jazeera](https://feedsoft.ai/events/40647-oil-falls-8-as-global-recession-fears-spook-market-oil-and-gas-news-al-jazeera.md) | -1.5% | -12.2% |
| WTI | 2024-08-05 | [Emerging Markets equities slump as US recession fears spark global selloff](https://feedsoft.ai/events/12017-emerging-markets-equities-slump-as-us-recession-fears-spark-global-selloff.md) | +4.4% | -0.4% |
| WTI | 2022-07-01 | [WCU: Peak recession fears bring commodities down to earth \| Saxo](https://feedsoft.ai/events/40401-wcu-peak-recession-fears-bring-commodities-down-to-earth-saxo.md) | -0.9% | -6.2% |
| WTI | 2025-04-04 | [Oil falls to near 4-year low amid recession fears, OPEC+ production hikes](https://feedsoft.ai/events/7295-oil-falls-to-near-4-year-low-amid-recession-fears-opec-production-hikes.md) | -10.2% | -12.0% |
| DXY | 2026-08-28 | [Emerging Markets-Colombian peso heads for worst week in three years on fiscal fears - ILF News \| Rallies](https://feedsoft.ai/events/18166-emerging-markets-colombian-peso-heads-for-worst-week-in-three-years-on-fiscal.md) | -0.2% | +1.7% |
| 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% |
| DXY | 2024-08-05 | [Emerging Markets equities slump as US recession fears spark global selloff](https://feedsoft.ai/events/12017-emerging-markets-equities-slump-as-us-recession-fears-spark-global-selloff.md) | -0.4% | -0.9% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/emerging-markets-colombian-chilean-pesos-151551547.html

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