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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

Implication of S&P Downgrade and Possible Policy Response

Marc Chandler Aug 7, 2011

Standard and Poor’s downgraded U.S. creditworthiness to AA+, becoming the first to remove the triple-A status from the world’s largest economy and largest debtor. Moreover, a negative outlook has been retained. The element of surprise…

News

All eyes on US jobs data today

Marc Chandler Aug 5, 2011

All eyes on US jobs data today, FOMC meeting next week. Euro zone periphery remains under pressure as ECB said to buy bonds; data softer than expected. Global equity markets are lower as growth risks, sovereign risks persist; EM FX softer…

Markets

BOJ Joins SNB To Intervene Aggressively

Marc Chandler Aug 4, 2011

The BOJ intervenes aggressively to weaken yen; we do not see any major G7 initiative. The euro zone periphery remains under pressure as ECB meets; Spain borrowing costs rise. Global equity markets are lower as growth risks, sovereign risks…

Markets

SNB takes action against strong CHF

Marc Chandler Aug 3, 2011

US growth concerns and downgrade risk remain in play after budget deal. Euro zone periphery remains under pressure as ECB meets Thursday. SNB takes action against strong CHF; spike in EUR/CHF offers good entry point to go long CHF.

Markets

Pre-Market: Potential US Budget Deal Brings Back Risk Appetite, But Pitfalls Lurk

Marc Chandler Aug 1, 2011

US leaders agree on budget deal, but House vote poses event risk ahead of August 2 deadline. Euro zone periphery benefits from improved market sentiment, but remains vulnerable. Equities and EM FX firm today on US news and stronger than…

News

Pre-Market: Policy Paralysis on Both Sides of the Atlantic

Marc Chandler Jul 28, 2011

Market anxiety over the US political gridlock and EZ periphery kept asset markets on the defensive. Lukewarm bond auction in Italy and rise in periphery yields fueling accelerated safe haven activity. The day after Brazil’s new marco…

News

Pre-Market: The US Muddle Through Approach

Marc Chandler Jul 27, 2011

Dollar pares back recent losses against majors but remains defensive; stocks and commodities down. Even if default is averted odds remain high that US credit is downgraded by at least 1 of 3 agencies. South Korea’s GDP decelerates in Q2…

Markets

Notes from a Private Briefing with the Bank of Japan

Marc Chandler Jul 21, 2011

The Bank of Japan held a private briefing with a small group of analysts from leading financial institutions in their NY rep office. The Director-General of the Research and Statistics Department led the presentation. This column…

Markets

Swiss Franc to Parity with the Euro – What are the Odds?

Marc Chandler Jul 20, 2011

It is difficult for companies to cope with the competitive implications of the persistent strength of the Swiss franc. By the OECD calculations, the Swiss franc is the most over-valued currency in its universe near 45% over -valued against…

Political Economy

Europe: Don’t Forget about the Sixth Man

Marc Chandler Jul 20, 2011

Speculation of some agreement has helped lift the euro, peripheral bonds, and generally has underpinned the risk appetite in recent days. This leaves the market vulnerable to disappointment or a "buy the rumor sell the fact" type of…

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