# Foreign Exchange Market Impacted by the Fed's Optimistic Speech - Stocks and Securities | Investments and Western Union Money Transfers Colombia

> After the Fed's June 16 meeting, the dollar rose and the Colombian peso fell 1.25% to about 3,698 per dollar. Fed Chair Jerome Powell said officials had begun discussing tapering bond purchases, and the dot plot pointed to two rate hikes by the end of 2023.

- Date: 2021-06-16 · published 2021-06-16T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/46882-foreign-exchange-market-impacted-by-the-fed-s-optimistic-speech-stocks-and
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

A firmer dollar makes dollar-priced commodities more expensive for non-US buyers and tends to pressure grain and oilseed prices. Emerging-market currencies such as the peso also weaken, which raises the local cost of imported feed.

## Read by commodity

- DXY: bullish ▲
- USDCOP: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-12-14 | [Currencies: Volatility Due to Monetary Policy Decisions in Europe - Stocks and Securities \| Investments and Western Union Money Transfers Colombia](https://feedsoft.ai/events/38505-currencies-volatility-due-to-monetary-policy-decisions-in-europe-stocks-and.md) | +0.2% | -2.0% |
| DXY | 2021-04-27 | [Treasury yields show nervousness after Jerome Powell's speech - Stocks and Securities \| Investments and Western Union Colombia](https://feedsoft.ai/events/47885-treasury-yields-show-nervousness-after-jerome-powell-s-speech-stocks-and.md) | +0.2% | -0.8% |
| DXY | 2023-02-16 | [Currencies: Colombian Peso Ends the Week Devalued Amid Expectations of New Reforms - Stocks and Securities \| Investments and Western Union Colombia](https://feedsoft.ai/events/37629-currencies-colombian-peso-ends-the-week-devalued-amid-expectations-of-new.md) | +0.5% | +1.1% |
| DXY | 2022-08-26 | [Currencies: High Volatility After J. Powell's Statements - Stocks and Securities \| Investments and Western Union Colombia](https://feedsoft.ai/events/40313-currencies-high-volatility-after-j-powell-s-statements-stocks-and-securities.md) | +1.1% | +3.4% |
| DXY | 2023-10-05 | [South Korea foreign-exchange reserves fall for second month in September on market intervention](https://feedsoft.ai/events/33875-south-korea-foreign-exchange-reserves-fall-for-second-month-in-september-on.md) | -0.3% | -0.6% |

## Sources

- accivalores.com: https://www.accivalores.com/en/otros-informes/4130-mercado-de-divisas-impactado-por-el-discurso-optimista-de-la-fed/

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