# Latam currencies firm, Colombian central bank meeting eyed - Markets - Business Recorder

> Latin American currencies firmed against a weaker dollar on Monday, with Colombia's peso rising 0.6% to six-week highs ahead of a central bank meeting. Citi does not expect a rate discussion but will watch for talk on using about $2.8 billion of IMF special drawing rights, and Carrasquilla was appointed to the central bank board.

- Date: 2021-08-30 · published 2021-08-30T12:00:00.000Z
- Category: macro · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/45823-latam-currencies-firm-colombian-central-bank-meeting-eyed-markets-business
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency moves in Colombia and Brazil affect the cost of imported feed ingredients and the competitiveness of local meat and feed producers, though the effect on grain and oilseed prices is indirect.

## Read by commodity

- DXY: bearish ▼
- USDCOP: bearish ▼
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-08-30 | [Most Asian currencies firm as waning taper fears pressure US dollar - Markets - Business Recorder](https://feedsoft.ai/events/45811-most-asian-currencies-firm-as-waning-taper-fears-pressure-us-dollar-markets.md) | -0.7% | +0.4% |
| DXY | 2021-08-23 | [Rebound in commodity prices, weaker dollar lift Latam currencies - Markets - Business Recorder](https://feedsoft.ai/events/45760-rebound-in-commodity-prices-weaker-dollar-lift-latam-currencies-markets.md) | -1.0% | -0.5% |
| DXY | 2021-07-02 | [Latam FX rallies as US jobs data dents dollar; Colombia hit by downgrade - Markets - Business Recorder](https://feedsoft.ai/events/9907-latam-fx-rallies-as-us-jobs-data-dents-dollar-colombia-hit-by-downgrade-markets.md) | +0.1% | -0.1% |
| DXY | 2023-08-30 | [Asian currencies wobble, stocks up on Fed pause bets - Markets - Business Recorder](https://feedsoft.ai/events/34843-asian-currencies-wobble-stocks-up-on-fed-pause-bets-markets-business-recorder.md) | +1.3% | +2.3% |
| DXY | 2023-11-29 | [South African rand gains after dovish Fed talk, central bank data in sight - Markets - Business Recorder](https://feedsoft.ai/events/33450-south-african-rand-gains-after-dovish-fed-talk-central-bank-data-in-sight.md) | +1.0% | -0.9% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40116742

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