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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.
Chandler: Many people in the market have concluded that new Greek aid is a done deal. The EU/IMF/ECB concluded their review before the weekend and it is expected to lead to Greece being able to draw down its next tranche of aid under the…
QEIII: Why Not (!?)
Marc Chandler: The Fed cannot rule out renewed Treasury purchases. It does not or should not deny itself its policy options. It is committed to do what is necessary to prevent a slide into deflation, which indeed is a forgotten element of…
Portuguese Politics Morphs into Technocrat Choice
There is unlikely to be a dramatic market reaction to the Portuguese election results. The news stream from Greece is seen as more important.
Markets Cautious Ahead of NFP
The US dollar is mostly firmer across the board ahead of NFP; equities and commodities softer. US NFP to determine cyclical tone ahead of quiet week; USD/JPY & USD/CHF likely to decline. UK PMI ebbed, euro zone PMIs revised higher;…
Euro Stages A Recovery As Peripheral Sentiment Improves, Spain Debt Auction Goes Well
The US dollar is mostly weaker as peripheral sentiment improve. Spanish bond auction went well, and market expects IMF/EU approval of new Greek package. With equity markets largely down today, FX decouples from the slowdown theme for now.
Financial Repression
The financial repression that is being discussed is not in developing countries but in the advanced industrialized countries. The ostensible goal is to support the government bond markets. Moral suasion, the cajoling of investors are soft…
The Significance of the Euro – A Primer
Europe’s monetary union is simply one of the most important experiments of our time. Can the countries whose wars against each other shaped to a large extent the past millennium, if not longer, form a sustainable monetary union without…
Regling and Merkel Comments Help Support The Euro
US dollar is broadly weaker as market sentiment builds on yesterday’s improvement. Official and unofficial views on Greece are not in short supply, but vary across a wide range. Germany may be stepping back from restructuring talk regarding…
FX: Is a Correlation Consolidation Ahead?
While the tightening of global financial conditions is likely in part a trigger for the recent unwind of positioning, the de-leveraging of this extended positioning in equities, commodities and currencies, therefore, is the likely the cause…
Dollar Extends Gains on Euro Zone Woes
The dollar is stronger across the board as periphery strains and soft data weigh on euro
This week US data is likely to remain mixed and limit euro’s slide; China’s flash PMI moderates
Our sovereign ratings model suggests that the…