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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.

Markets

Currencies: corrective pressures dominate on growth differentials

Marc Chandler Aug 10, 2013

The main tension in the foreign exchange market is between positions adjusting pressures, which are US dollar negative, and widely held ideas that the trajectory of growth and interest rate differentials favor the US, which is dollar…

Economy

Yen Bid Ahead of BOJ Decision

Marc Chandler Aug 7, 2013

By Marc Chandler The Reserve Bank of Australia delivered the 25 bp rate cut that was widely expected earlier this week. Today, the Bank of England provided a new framework for its forward guidance, linking monetary policy to unemployment…

Markets

Mario Draghi repeats ECB’s forward guidance

Marc Chandler Aug 1, 2013

By Marc Chandler Today, ECB President Draghi essentially repeated his comments from last month. The key is that rates will remain at current levels or lower for an extended period and, although the economy is gradually recovering, growth…

Political Economy

Fed Statement Similar, No Talk of Tapering

Marc Chandler Jul 31, 2013

With many observers expecting the Fed to taper in September, disappointment that there was nothing in the statement to support such ideas has seen the dollar fall and the stocks and bonds traded higher.

Economy

Why the US and European Auto Sectors Continue to Diverge

Marc Chandler Jul 16, 2013

The contrast between the US and European auto markets is stark and captures the significant divergence of the two economies. June auto sales in Europe slumped from a year ago to their lowest level since 1996. In June, US auto sales reached…

Markets

Bernanke’s comments suggest tapering will come later

Marc Chandler Jul 10, 2013

The Federal Reserve delivered a one-two punch to market expectations today. First the FOMC minutes did not appear as hawkish as many expected. Several FOMC members wanted to see more job growth before pulling back on the throttle. Second,…

Markets

Currencies: Positioning and Technical Outlook as Dollar Rides High

Marc Chandler Jul 6, 2013

Fundamental and technical considerations are aligned in favor of the US dollar. The latest string of economic data, including the June employment report, is strengthening the market's conviction that the Federal Reserve will begin tapering…

Markets

Draghi breaks new ground, Euro breaks a cent

Marc Chandler Jul 4, 2013

By Marc Chandler The ECB took an unprecedented step today. Part of its mantra has been that it does not pre-commit. Today it did. It indicated interest rates will be the same or lower for an extended period of time. Draghi, when pressed,…

Economy

Ten Big Issues Affecting Global Markets

Marc Chandler Jun 20, 2013

By Marc Chandler The dollar is the king of castle, extending yesterday's post-Fed rally across the board. Emerging market currencies have been particularly hard hit and we note that the Turkish lira is at new record lows. Asset markets…

Economy

Bad loans continue to rise in Spain and Italy

Marc Chandler Jun 18, 2013

Spain and Italy reported today that the share of bad loans have continued to rise. There is nothing to suggest that this is the peak. In fact, further deterioration is likely.

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