Author

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

Six Takeaways from Fed Speak or The Real Troika

Marc Chandler Apr 13, 2012

The debate over another round of asset purchases seems to be getting less play than the debate over guidance, and the real Troika of BYD (Bernanke, Yellen and Dudley) are reading from the same song book. They are maintaining the view of…

Markets

China Disappointment Buoys Dollar

Marc Chandler Apr 13, 2012

China's Q1 GDP disappointed expectations and market rumors and is the chief driver of the capital markets today. The official measure of growth was 8.1%. The consensus was 8.4% before yesterday's rumors of a 9% rise made the rounds and…

Political Economy

Lots of Recent Policy Missteps: What are They Thinking?

Marc Chandler Apr 12, 2012

In recent days, policy makers have been most noticeable by their absence. This absence has weakened their credibility and encouraging speculative attention. This is true for Switzerland, Europe and Japan.

Markets

Testing the Swiss National Bank’s Resolve

Marc Chandler Apr 10, 2012

Thus far the SNB has successfully blocked the Swiss franc's appreciation relatively cheaply. Compare the bang it got from about CHF18 bln intervention last year with the record operations by Japanese officials. The SNB has various ways it…

Markets

When Virtuous Cycles Turn Vicious

Marc Chandler Apr 10, 2012

The LTRO's provided more than 1 trillion euros of liquidity. An under-appreciated aspect of the virtuous cycle, was the bank balance sheets improved not just because of cheaper cost of capital, but because there was a significant rally in…

Markets

Dollar and Yen Bounce Back as Periphery Concerns Mount

Marc Chandler Apr 10, 2012

As full liquidity returns to the markets for the first time in nearly a week, the US dollar and Japanese yen have rallied. First though weak short euros and long yen cross positions were squeezed in early Asia, but by the time Europe…

Economy

Quick Thoughts on the US Jobs Data

Marc Chandler Apr 6, 2012

One word can summarize today's report: disappointing. The 120k rise in the headline figure was roughly half of the whisper figure. The unemployment rate ticked down to 8.2%, but the details are disappointing.

Markets

Seven Observations about the Yen

Marc Chandler Apr 5, 2012

The yen was the weakest of the major currencies in Q1, losing about 7.2% against the dollar. There was a clear shift in both speculative and portfolio flows. This is just one of seven observations about the Yen via Marc Chandler.

Economy

Seven Observations about the Euro

Marc Chandler Apr 4, 2012

Seven thoughts about the euro from Marc Chandler, global head of FX at Brown Brothers Harriman, using fundamental and technical analysis

Markets

FOMC Sets Dollar Tone

Marc Chandler Apr 4, 2012

The minutes from the March FOMC meeting have continued to drive the dollar higher, except against the yen, and bonds and stocks lower. Especially in the context of Bernanke's recent remarks, the, should we say less than dovish, tone to the…

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