# Latam currencies up ahead of Trump inauguration

> Latin American currencies strengthened on January 20 as risk appetite tentatively rebounded ahead of Donald Trump's inauguration. The Mexican peso gained 1 percent but remained near an all-time low, and the Colombian peso rose 0.6 percent as crude prices advanced.

- Date: 2017-01-20 · published 2017-01-20T12:00:00.000Z
- Category: macro · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/73272-latam-currencies-up-ahead-of-trump-inauguration
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Weakness in the peso reflects concern over Trump's trade stance toward Mexico, which affects Mexican feed import costs and demand for US grain. Stronger oil prices and a firmer dollar-linked backdrop shape emerging-market currency moves that feed importers pay in.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2023-09-18 | [Canadian dollar hits 1-month high ahead of inflation data](https://feedsoft.ai/events/34337-canadian-dollar-hits-1-month-high-ahead-of-inflation-data.md) | -0.9% | -3.5% |
| WTI | 2023-08-31 | [USD/CAD delivers modest recovery ahead of core PCE Inflation data — Octa](https://feedsoft.ai/events/34817-usd-cad-delivers-modest-recovery-ahead-of-core-pce-inflation-data-octa.md) | +6.4% | +12.3% |
| WTI | 2021-05-11 | [Commodity currencies hold advantage as dollar waits for inflation and Fed \| Reuters](https://feedsoft.ai/events/47003-commodity-currencies-hold-advantage-as-dollar-waits-for-inflation-and-fed.md) | +2.0% | +8.0% |
| WTI | 2024-07-31 | [Latin American Stocks And Currencies Climb On Oil Rebound And Weak Dollar - Finimize](https://feedsoft.ai/events/29564-latin-american-stocks-and-currencies-climb-on-oil-rebound-and-weak-dollar.md) | -2.1% | +0.6% |
| WTI | 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) | +10.5% | +13.0% |

## Sources

- reuters.com: https://www.reuters.com/article/emerging-markets-latam-idUSL1N1FA10F/?feedName=usDollarRpt&feedType=RSS

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