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.

Economy

Mild Corrective Forces Unfold

Marc Chandler
The light news stream, adequate bill auction receptions and comments from Fitch suggesting France's AAA rating is secure this year encouraged short-term players to take profits. However, sentiment is still wholly euro negative and a large…
Political Economy

Korea

Marc Chandler
The death of North Korea’s Kim Jong-il in the middle of December can be either a bump or grind. More likely, the change of leadership will mark a continuation of the status quo. Not only do North Korea’s elite and military seem firmly in…
Markets

Euro Pops to Start Week

Marc Chandler
In a Tokyo-less Asian session the dollar had begun the week bid, but this quickly reversed in early Europe, which saw the euro rise more than a cent off the $1.2666 low. It was largely a short-covering bounce, but as North American players…
Economy

Beyond Jobs

Marc Chandler
The US jobs report is the main economic release today. In recent months, better than expected employment reports have spurred risk on trading and this has been dollar negative. Given the ADP report, despite the December skew in that time…
Markets

Refunding Fears Take Toll on Europe

Marc Chandler
One of the key factors behind the poor sentiment toward the euro, which was pressed to new 13 month lows in Europe today, is the challenge posed by the sovereign and bank refunding needed this year, while rating downgrades loom around the…
Markets

Dollar Comes Back Bid

Marc Chandler
The US dollar has come back bid today after yesterday's rather shallow correction. Euro sellers re-emerged as the single currency approached its 20-day moving average for the first time in a couple of weeks. Although the PMIs are a bit…
Political Economy

A Quiet Putsch in Hungary?

Marc Chandler
A putsch, as any dictionary will tell you, refers to the violent overthrow of a government. Hungary has not been subject to that kind of action per se, but rather a more insidious grab for power. Its new constitution goes into effect…

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