# Growth slowdown fears temper bullishness on commodity currencies | CNBC Africa

> Commodity-linked currencies such as the Aussie dollar and Colombian peso came under pressure as fears of a global growth slowdown grew. The IMF and World Bank cut global growth forecasts by nearly a percentage point, and oil and metals prices fell, though Brent stayed above $100 a barrel.

- Date: 2022-04-21 · published 2022-04-21T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/6863-growth-slowdown-fears-temper-bullishness-on-commodity-currencies-cnbc-africa
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Weaker global growth expectations reduce demand for energy and raw materials, which lowers input costs for feed producers while pulling down commodity prices.

## Read by commodity

- DXY: bullish ▲
- BRENT: bearish ▼
- AUDUSD: bearish ▼
- USDCOP: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-10-30 | [Commodity currencies slide on oil, dollar braces for election \| Financial Post](https://feedsoft.ai/events/50816-commodity-currencies-slide-on-oil-dollar-braces-for-election-financial-post.md) | +8.3% | +27.9% |
| BRENT | 2025-06-17 | [Real strengthens amid commodity bets, easing geopolitical fears](https://feedsoft.ai/events/24425-real-strengthens-amid-commodity-bets-easing-geopolitical-fears.md) | -1.7% | -5.5% |
| BRENT | 2018-12-24 | [Oil plunges 6 percent as economic slowdown fears grip market](https://feedsoft.ai/events/8700-oil-plunges-6-percent-as-economic-slowdown-fears-grip-market.md) | -1.3% | +15.8% |
| BRENT | 2022-08-22 | [Commodity prices down on rising dollar demand](https://feedsoft.ai/events/39941-commodity-prices-down-on-rising-dollar-demand.md) | +4.6% | -6.4% |
| BRENT | 2022-06-14 | [Oil prices settle down on fears of Fed and oil profit tax](https://feedsoft.ai/events/41135-oil-prices-settle-down-on-fears-of-fed-and-oil-profit-tax.md) | -7.7% | -11.5% |
| DXY | 2022-10-03 | [Dollar up on euro as quarter ends, commodity led currencies sink - Business & Finance - Business Recorder](https://feedsoft.ai/events/9336-dollar-up-on-euro-as-quarter-ends-commodity-led-currencies-sink-business-and.md) | -0.2% | +0.1% |
| DXY | 2023-02-28 | [Dollar advances and heaps pressure on commodity currencies](https://feedsoft.ai/events/37239-dollar-advances-and-heaps-pressure-on-commodity-currencies.md) | -0.7% | -0.9% |
| DXY | 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) | +1.2% | +0.7% |

## Sources

- cnbcafrica.com: https://www.cnbcafrica.com/2022/growth-slowdown-fears-temper-bullishness-on-commodity-currencies
- reuters.com: https://www.reuters.com/business/finance/growth-slowdown-fears-temper-bullishness-commodity-currencies-2022-04-21/

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