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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.

Markets

Euro Rebounds, China Hikes

Marc Chandler Feb 8, 2011

Highlights The US dollar is trading on a softer footing versus the majors and most EMs, consolidating some of yesterday’s gains, with the New Zealand dollar and the euro leading the move higher. The euro is enjoying early strength,…

Markets

The Internationalization of the Yuan or the Sino-ification of Hong Kong?

Marc Chandler Jan 31, 2011

By Marc Chandler One of the fundamental characteristics of the global financial architecture is that the world’s second largest economy maintains a rigidly controlled currency. The concept of currency wars, as initially…

Economy

US GDP Report: Growth Curbed by Huge Swing in Inventories

Marc Chandler Jan 28, 2011

by Marc Chandler At 3.2% the Q4 US GDP came in a bit lower than expected. Inventories were the main reason for the miss. In terms of inventory, the key is the change in the change. Inventories rose a little more than $7 bln in Q4 after a…

Markets

Indian banks issuing bonds in Swiss Francs, Really…?

Marc Chandler Jan 27, 2011

by Marc Chandler A number of Indian banks have begun issuing Swiss franc denominated bonds, ostensibly to raise cheap funds and meet the demand in Europe for emerging market debt. Reports suggest that this is the first of such issues in…

Markets

The EFSF and The Euro

Marc Chandler Jan 24, 2011

By Marc Chandler The European Financial Stability Fund (EFSF) is planning its first issue this week. Talk was of a 3-5 bln euros of a 5-year issue priced 8-10 bp on top of swap rates. This would imply a yield of about 2.85% compared to…

Markets

Some Thoughts on Tunisia’s Implications for Investors

Marc Chandler Jan 19, 2011

by Marc Chandler Through the Middle East, Tunisia's recent experience is prompting policy responses. Officials seem concerned that the ease at which the Tunisia's government was toppled could embolden the disenchanted elsewhere. High…

Economy

Risk of “buy the rumor sell the fact” ahead of jobs report

Marc Chandler Jan 7, 2011

from the BBH Currency Strategy Team There has been an obvious build up of expectations about the US jobs report today. The dramatic jump in the ADP estimate sparked a large upward revision in expectations even though the…

Markets

QE, Currencies and Commodities

Marc Chandler Jan 4, 2011

by Marc Chandler One of the market developments that is capturing the imagination (and wallets) of investors is the rally in commodities. As an example, since late Aug '10, when Fed Chairman Bernanke seemed to signal QEII and US economic…

Economic Themes at the Start of 2011

Marc Chandler Jan 3, 2011

BBH's currency strategy team reviews the major economic issues in the four investing regions of note: the US, Europe, China and other Emerging Markets. In the US growth is accelerating. In Europe, the economy struggles with a sovereign debt…

Markets

Dollar Ends the Year on a Whimper, UK House Prices Better Than Expected

Marc Chandler Dec 31, 2010

from the BBH Currency Strategy Team The US dollar is softer on the last trading day of the year with position squaring likely the main driver. With the economic calendar light, the euro traded in narrow ranges throughout most of the…

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