Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
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.
BBH CurrencyView
US dollar is mixed; ADP report likely supportive of USD against JPY and CHF
Swiss KoF leading Indicator reaches four and a half year highs
Euro softer on the day but remains resilient in the face of…
On Fiscal Brinkmanship and How Bullard Doesn’t Speak for the Whole FOMC
By Marc Chandler
Many market observers seem to be exaggerating the role of some Federal Reserve officials, in particular James Bullard, who has mentioned exiting from QE2 before completing the $60 bln of purchases. Plosser, a voting…
Trichet: Seeing What You Want
ECB President Trichet remained hawkish in comments today, noting that inflation is persistently above the target of just below 2%. Yet ECB monetary policy is not base don one pillar but two. The other pillar is money supply. Money supply…
Fiddling while the Periphery Burns
After more than a year since the European debt crisis began, officials have still failed to resolve it. They raised expectations for a “grand bargain” only to crash them on the shoals of political reality. The March 24-25 Summit was to…
Election Result may Restrict German Government Support for Periphery
BBH CurrencyView
The euro is mixed on the crosses and weaker against the dollar. Merkel’s coalition loses a major regional election over the weekend, in a state run for almost 60 years by the CDU or in coalition. The effect should be…
No Crisis Unless Spain Falls?
The resilience of the euro in the face of seemingly incontrovertible evidence that Portugal will need to get assistance and that very same program and approach has not been enough to stabilize the Greek and Irish situation is amazing.…
Portugal Government Under Pressure
Rumors of a missed coupon payment in Ireland made the rounds and many now are down playing it. However, the problems in the periphery have not lessened. The real immediate focus is on Portugal. The government's new austerity measures will…
Looking Past Canadian Retail Sales
Canada reported weaker than expected retail sales report. Instead of a 1.0% rise in January, StatsCan reported a 0.3% decline. Weakness was especially noted in the ex-auto component which was flat instead of up 0.7% as the consensus…
US Treasury Unwinds MBS Securities, Lifts Dollar
By Marc Chandler News that the US Treasury will begin selling off its portfolio of mortgage-backed securities was greeted with dollar buying. The Treasury's portfolio of $142 bln of agency guaranteed MBS will be sold at a pace of $10 bln a…
Risk Appetite Rallies; Intervention Allows Yen Consolidation
BBH CurrencyView US dollar weaker as risk appetite rallies worldwide: yen and swiss the exceptions Coordinated G7 intervention Friday allows yen to consolidate Euro remains strong on hawkish comments and this week’s upcoming…