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Andean currencies fell on March 15 as oil dropped sharply, with Brent-linked crude down 6.4% that day after a 5.4% fall on Monday. The Colombian peso became the world's worst-performing currency, and analysts noted that lower oil weighs on Colombia's export earnings.
A sharp fall in crude weakens oil-exporting Colombia's currency and dollar-linked earnings, while lower energy costs ease some pressure on feed and freight inflation.
infobae.comNewsroom InfobaeMar 15, 2022After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% 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.
