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

Coordinated Intervention Stokes Risk Appetite

Marc Chandler Mar 18, 2011

The dollar is mostly weaker except against the yen and Swiss as risk appetite has increased today. The talk regarding the nuclear situation in Japan leads to hopes of stabilizing the situation, and G7 leaders agree to intervene to weaken…

Markets

Yen: Speculation, Repatriation and More

Marc Chandler Mar 17, 2011

By Marc Chandler There seems to be a general consensus among observers that contrary to the talk of repatriation that the yen's rise is largely speculative in nature. This is very much in line with our assessment from the get-go.…

News

Uncertainty Drives Yen and Swiss Franc Higher

Marc Chandler Mar 17, 2011

BBH CurrencyView North American Update US dollar mostly weaker versus majors USD/JPY reaches record low as uncertainty remains elevated; G7 to discuss Swiss franc stronger on safe haven bids; SNB remains on hold…

Economy

Japan’s Nuclear Accident is Impacting European Politics

Marc Chandler Mar 16, 2011

By Marc Chandler The Japanese nuclear accident has implications for Europe. The EU wants to have stress tests on members nuclear plants. The tests are not mandatory, but may be difficult to refuse. Switzerland has halted its nuclear…

Political Economy

Fed Tweaks Assessment and Does Nothing New with QEII

Marc Chandler Mar 15, 2011

By Marc Chandler The FOMC tweaked their economic assessment and recognized the sharp rise in commodity prices in recent months, but believes that longer-term inflation expectations remain anchored. It specifically says that it expects…

Markets

Why is the Dollar Finding a Safe Haven Bid?

Marc Chandler Mar 15, 2011

By Marc Chandler The jasmine revolutions in MENA and euro-era high yields on the peripheral of Europe failed to give the US dollar a safe haven bid. And yet today, it is difficult to deny the greenback is benefitting from the broader…

News

Risk Aversion Prompts Safe Haven Flows

Marc Chandler Mar 15, 2011

US dollar remains firm across on the board as risk-off dominates. FOMC meeting unlikely to surprise and Empire manufacturing should remain firm, while German Zew confidence dropped to 14.1, below expectations. Growth-sensitive currencies…

Political Economy

Parry and Feint: Outlines of Europe’s Next Chapter

Marc Chandler Mar 14, 2011

European officials have reached an agreement in principle that falls well shy of the “comprehensive plan” officials had promised and is unlikely to provide investors with a sense of closure to the debt crisis that began in late 2009. Yet…

News

Earthquake Sends Yen Higher, Dollar Remains Firm

Marc Chandler Mar 11, 2011

BBH CurrencyView Highlights The US dollar is set to end the week higher, up four of the last five trading days, stemming from a combination of fiscal woes in the periphery, heightened geopolitical tensions and waning risk appetite.…

Economy

More Color on Spain, the Cajas and Moody’s Downgrade

Marc Chandler Mar 10, 2011

By Marc Chandler The market continues to digest the meaning and implications of Moody's decision to cut Spain's rating to Aa2 from Aa1. The two main considerations behind Moody's decision is that the cost to restructure the banks will be…

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