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Marc Chandler 872 posts 0 comments

Marc Chandler joined Brown Brothers Harriman in October 2005 as the global head of currency strategy. Previously he was the chief currency strategist for HSBC Bank USA and Mellon Bank. In addition to frequently providing insight into the developments of the day to newspapers and news wires, Chandler's essays have been published in the Financial Times, Barron's, Euromoney, Corporate Finance, and Foreign Affairs. Marc appears often on business television and is a regular guest on CNBC and writes a blog called Marc to Market. Follow him on twitter.

Monetary System

Powell’s Mao Moment

Marc Chandler Jan 30, 2019

By Marc Chandler This first appeared on Marc's site, Marc to Market In the iconography of Mao, some see pictures of the Chairman showing both ears as signaling that he was listening to all the people. In this sense, Powell had his Mao…

Political Economy

Uranium: A More Compelling Case for National Security

Marc Chandler Jul 18, 2018

The Trump Administration has launched an investigation into auto imports on national security grounds. But trade in uranium may be closest to what reasonable people might think as a national security issue.

Economy

For the millionth time: investors exaggerate trade tensions at their own peril

Marc Chandler Jul 16, 2018

Global equities have rallied. Of course, stock prices are not the end all and be all, but it stands in stark contrast to the cries that the sky is falling.

Political Economy

Europe is in crisis, though it is not making the headlines

Marc Chandler Jun 21, 2018

The crisis is that the political center continues to weaken even though Europe, at least on paper, is enjoying a broad economic expansion.

Markets

More Color on Japanese Capital Flows and the Euro

Marc Chandler Jun 4, 2018

Too many observers mistakenly focus on the net positions in the futures market. Drilling down from the net to the gross positioning is very revealing. The gross euro longs have risen in four of the past five weeks. And there is another…

Economy

Greenback’s Inability to Rally on Strong Employment Report is Noteworthy

Marc Chandler Jun 1, 2018

By Marc Chandler This post first appeared on Marc to Market The US jobs data was stronger than expected and yet the impact on the dollar is modest. The market is as confident of a hike at the June 13 FOMC meeting as it gets about…

Monetary System

Fed still on track to hike rates next month

Marc Chandler May 29, 2018

By Marc Chandler This post first appeared on Marc to Market Investors are seeing turmoil in the capital markets and a decline in US interest rates, including at the short-end. Some are suggesting that market has become less confident of…

Markets

Has the dollar bottomed against the yen?

Marc Chandler Apr 5, 2018

We suspect some of the pressure on dollar-yen had been hedging activity ahead of the end of the fiscal year. The end of the hedging operations may be sufficient to ease the pressure on the greenback.

Political Economy

The Irish Border and Magical Realism

Marc Chandler Apr 3, 2018

The UK says it will leave customs union on in a year's time. But the border issue between Northern Ireland and the Republic of Ireland remains unsolved. And while the Irish border is a particularly vexing issue, there are other near-term…

Political Economy

Next Phase For Italian Politics

Marc Chandler Mar 30, 2018

The next phase in Italian politics has not been much of a market factor. Expect this phase to endure as the formation of a government should take a long time.

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