# Colombian peso drops over 1%; Mexican peso on a winning streak - Markets - Business Recorder

> Colombia's peso fell about 1% on June 29 after the central bank held its benchmark rate at a record low of 1.75%, and it lagged Latin American peers as renewed pandemic fears pushed investors toward the dollar. Brazil's real fell 0.7% in the same move, while the Mexican peso extended its winning streak to seven sessions.

- Date: 2021-06-29 · published 2021-06-29T12:00:00.000Z
- Category: macro · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/46880-colombian-peso-drops-over-1-mexican-peso-on-a-winning-streak-markets-business
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A weaker real and peso raise the local-currency cost of imported feed ingredients and make Latin American grain and meal purchases more expensive for regional buyers. Currency moves of this size are routine and have little effect on global feed prices.

## Read by commodity

- USDBRL: bullish ▲
- USDCOP: bullish ▲
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2020-06-25 | [Latam stocks fall on virus woes; Mexican peso weak before rate move - Markets - Business Recorder](https://feedsoft.ai/events/52835-latam-stocks-fall-on-virus-woes-mexican-peso-weak-before-rate-move-markets.md) | +0.9% | -3.0% |
| USDBRL | 2021-09-28 | [Slowing growth worries hammer Latam assets, Mexico's peso slumps 1% - Markets - Business Recorder](https://feedsoft.ai/events/45285-slowing-growth-worries-hammer-latam-assets-mexico-s-peso-slumps-1-markets.md) | +1.4% | +4.2% |
| USDBRL | 2021-03-22 | [Turkey shock waves hit Latam markets, Mexican peso slides 1pc - Markets - Business Recorder](https://feedsoft.ai/events/48326-turkey-shock-waves-hit-latam-markets-mexican-peso-slides-1pc-markets-business.md) | +4.4% | +2.5% |
| USDBRL | 2019-11-26 | [EMERGING MARKETS-Brazilian c.bank intervenes as real slumps; Colombian peso drops on tax reform](https://feedsoft.ai/events/56346-emerging-markets-brazilian-c-bank-intervenes-as-real-slumps-colombian-peso.md) | -0.5% | -3.1% |
| USDBRL | 2021-02-09 | [Brazil's real leads Latam FX losses on fiscal concerns - Markets - Business Recorder](https://feedsoft.ai/events/48852-brazil-s-real-leads-latam-fx-losses-on-fiscal-concerns-markets-business-recorder.md) | +1.2% | +9.3% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40103757/colombian-peso-drops-over-1-mexican-peso-on-a-winning-streak

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