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.

News

Trichet Less Hawkish; Euro Off Sharply

Marc Chandler
Trichet's comments seem less hawkish than the market had anticipated and the euro is coming off sharply. While recognizing policy remains accommodative, he is using none of the word cues that point to a June hike. Euribor yields has fallen…
News

ECB and Portuguese Deal Keep Euro Firm

Marc Chandler
The euro continues to surge this morning, trading ahead of $1.49, despite some US short covering against some of the majors and a mixed tone in risk appetite, buoyed by a combination of drivers. For one, many see the risk premium in the…
Markets

Odds the Euro Reaches $1.60

Marc Chandler
The euro is struggling to extend its advancing streak to the eleventh session. However, the main driver, of divergent monetary policy stances remains intact. In fact, news today that 3-month Euribor is at 2-year highs and 3-month Libor was…
Markets

Catalysts for Change in the FX Driver

Marc Chandler
The main driver that has led to a persistent decline in the US dollar through the last several months is the divergent thrust of monetary policy. It has left the Federal Reserve as a laggard in the global cycle and, in turn, has left the…
Markets

Thinking about Haircuts

Marc Chandler
What a cruel month April has been to the peripheral debt markets. Greek 10-year yields have risen 349 bp, more than the cumulative increase over the previous 11 months. Portugal's 10-year yield has risen 180 bp this month and 190 bp over…
News

Meet the Press, Mr. Bernanke

Marc Chandler
The US dollar continued to weaken for the seventh consecutive day, with the dollar index hitting its lowest level since August 2008, ahead of the today’s FOMC meeting. In our view the Fed is likely to reaffirm its ultra-accommodative…

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