# EM currencies vulnerable this week?

> Brown Brothers Harriman warns emerging market currencies remain vulnerable, with the South African rand at its weakest since January and political risks weighing on it. The rebound in oil supported the Colombian peso, Russian ruble and Mexican peso.

- Date: 2017-04-05 · published 2017-04-05T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/71772-em-currencies-vulnerable-this-week
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

EM currency swings shape import costs and demand in producing and buying countries, but this general FX commentary has only a minor, indirect effect on feed commodity prices.

## Read by commodity

- WTI: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-07-27 | [Dollar’s weakness boosts rally in commodities and currencies - Gulf Times](https://feedsoft.ai/events/5318-dollar-s-weakness-boosts-rally-in-commodities-and-currencies-gulf-times.md) | -2.7% | +2.6% |
| WTI | 2023-12-01 | [Rupee closes at new low of 83.39/$; worst performer among Asian currencies](https://feedsoft.ai/events/33468-rupee-closes-at-new-low-of-83-39-worst-performer-among-asian-currencies.md) | -8.8% | -5.2% |
| WTI | 2023-10-16 | [The dollar has joined the commodity currency club](https://feedsoft.ai/events/33536-the-dollar-has-joined-the-commodity-currency-club.md) | +1.5% | -12.6% |
| WTI | 2018-11-21 | [Is Crude Oil Taking Cue from Vegetable Oils?](https://feedsoft.ai/events/62129-is-crude-oil-taking-cue-from-vegetable-oils.md) | -6.1% | -10.7% |
| WTI | 2017-05-09 | [Goldman Sachs: Why the commodities rally might be different this time](https://feedsoft.ai/events/70919-goldman-sachs-why-the-commodities-rally-might-be-different-this-time.md) | +5.2% | +3.7% |

## Sources

- enterpriseam.com: https://enterpriseam.com/egypt/2017/04/05/em-currencies-vulnerable-this-week/

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