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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.

Political Economy

Spain: Debt Problems Worse Because of Local Government

Marc Chandler May 20, 2011

The change of power on the regional level is important in Spain because of their relative fiscal autonomy. Regions control spending on health care and education and account for half of government employees. They have an outstanding debt of…

Markets

The Correlation between Currencies and Oil

Marc Chandler May 19, 2011

The relationship between oil and currencies is no more stable that the relationship between the S&P 500 and currencies. As we noted yesterday in our look at the correlation between a handful of currencies and the S&P 500, it is not…

Markets

The Correlation between Currencies and Equities

Marc Chandler May 18, 2011

Many medium term investors are interested in the relationship between currencies and the equity market. There is also a sense among many observers that the market is moving in waves of risk on and risk off. To help shed light on the issue,…

Political Economy

Greece needs a strategic plan

Marc Chandler May 17, 2011

The European finance ministers approved an aid package for Portugal. Ireland is still seeking better terms. Although France's effective corporate tax rate is lower than Ireland's, Sarkozy is reportedly refusing to sanction some easier terms…

Political Economy

Europe’s Political Climate Impacts the Debt Crisis Response

Marc Chandler May 17, 2011

The policy response to the European debt crisis is critical and that response is function of European politics. There have been a number of developments in European politics that investors should be aware of.

News

Dollar Set to Begin the Week on its Front Foot

Marc Chandler May 16, 2011

The dollar on its front foot amid concerns over Greek debt woes and global growth worries. Ecofin meeting (15:00 GMT) to discuss Greece and finalize aid package for Portugal; EUR/USD tests recent lows near $1.405. Equities/commodities…

News

Market Preview: Rumors of Greek Aid Package Everywhere

Marc Chandler May 10, 2011

Dollar stronger on the day for the fourth day in a row. Stories are flying about a possible new Greek aid package, causing choppy currency markets. Swiss CPI well below expectations; Norway CPI above expectations

Markets

Chinese Financial Review: Onshore and Offshore

Marc Chandler May 9, 2011

Almost a week before S&P’s move, Fitch cut the outlook for China’s yuan debt to negative from stable. Media coverage was almost non-existent and there has hardly been any commentary. Frankly, most observers don’t even seem to know it…

News

Dollar Selling Resumes

Marc Chandler May 9, 2011

Dollar selling resumes as equities and commodities recover after US employment report Euro moves back near $1.44 after EU officials discussed further aid to Greece Dollar likely to remain on back foot this week; Growth currencies likely…

Political Economy

Significance of EU Meeting on May 6th

Marc Chandler May 8, 2011

The unscheduled meeting between several euro zone finance ministers, Eurogroup head Juncker, EU Monetary Affairs Commissioner Rehn, ECB President Trichet and a few other senior officials was important. It marks the official recognition that…

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