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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.
By Marc Chandler
There have been three flash PMI reports today, and each was surprising. China and Germany surprised on the downside while the French surprise was on the upside.
HSBC's flash read on China's manufacturing sector weakened…
The Fed and the Return of Ad Hockery
By Marc Chandler
There has been sharp rise in US interest rates and the dollar in the immediate response to the Federal Reserve's statement. The key it seemed was the expectation that federal funds would be at 1% at the end of next year.…
After Crimea: Next Moves
By Marc Chandler
In response to the Crimean referendum, new sanctions have been announced. The European Union has announced sanctions against 21 Russian individuals. This was the bare minimum expected. It will include travel visa bans and…
Events in China and Ukraine are dominant macro drivers
Weekend developments will dominate the first part of the week ahead. Two developments stand out. First, China announced a doubling of the permissible band from 1.0% to 2.0% around the daily fix. The PBOC deliberately and preemptively…
Russia and the Birth of the Eurodollar Market
Talk that Russia could be behind the bulk of the more than $100 bln drop in the Federal Reserve's custody holdings for foreign central banks, in the week ending Wednesday has many observers scratching their heads. This would represent about…
Green shoots in the US?
By Marc Chandler
US retail sales rose 0.3% in February, a little more than expected. The news was blunted by sharp downward revisions to the January series, leaving the level of retail sales lower and pointing to somewhat less personal…
Renzi’s Day
The Chamber of Deputies approved the electoral reform bill that Renzi and Berlusconi had negotiated before Renzi squeezed out Letta to become Prime Minister of Italy. The bill goes to the Senate now.
Russia: Economic Vulnerabilities
By Marc Chandler
There is a common perception that Russia move on Crimea shows its strength. A closer examination suggests it is more complicated that it may seem. Like the bully at the school yard, the aggressiveness conceals weaknesses.…
Week Ahead: Re-Escalation of Tensions to Aid Greenback
By Marc Chandler
- This week, investors should brace for a re-escalation of tensions in Crimea and China
- There are four sources of heightened tensions with the Crimean crisis
- Weekend news from China played on fears that the yuan is…
What is the ECB to Do?
By Marc Chandler
A discussion of what the ECB is likely to do at Thursday's policy meeting requires an appreciation of its challenges. There are four challenges that the ECB faces in nursing the "weak, fragile and uneven" recovery, as…