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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.
from the BBH Currency Strategy Team The US dollar extended its Wednesday's losses after softer bond yields prevailed following yesterday's successful auction and light volume weighed on the dollar's tone. The euro traded on a supportive…
Dollar Trades on Back Foot
from the BBH Currency Strategy Team The US dollar is softer today after yesterday's disappointing economic data releases stoked a drop in US bond yields. The euro remains choppy with conditions exacerbated by thin trading and gains capped…
Dollar Tone Remains Soft
from the BBH Currency Strategy Team The US dollar is softer today versus the majors and EM. The euro maintained a supportive tone following the move up to the $1.3270 region. Momentum was lacking due to thin trading liquidity and an…
Euro Stabilizes, But Remains Vulnerable Ahead of Raft of US Data
from the BBH Currency Strategy Team The dollar is mixed today vs. the majors and is softer vs. EM. The euro has stabilized, but continues to feel heavy as EUR/CHF holds marginally above the record low around 1.2440 from…
EUR/CHF Continues To Make Historic Lows On Euro Zone Tensions
from the BBH Currency Strategy Team The euro is slightly firmer today vs. the dollar today, but continues to make new historic lows vs. Swiss franc just below 1.25, suggesting that euro zone tensions remain strong. EM currencies continue…
Euro Recovery Stalls After News of Moody’s Portugal Warning
from the BBH Currency Strategy Team Turnaround Tuesday appears to be in force today, with the dollar softer and EM firmer. However, ranges are fairly narrow as trading slows and markets thin ahead of the Christmas holiday. Euro staged a…
Euro Softness Continues
from the BBH Currency Strategy Team Dollar is mixed so far today, largely weaker against the majors and firmer against EM currencies. Euro is trading softer due to ongoing concerns regarding the crisis, with EUR/CHF making new lows near…
Handicapping European End Game Scenarios
from the BBH Currency Strategy Team The European financial crisis is of historic proportions and it remains unresolved as the year draws to a close. The resolution remains elusive, but there seems to be a finite number of ways that the…
EU Summit Makes Progress, EU Debt Crisis Has Not
This is the last formal North American Daily for the 2010. We will release a shortened holiday mode for the next two weeks and will return to full publication 01/03/2011. Happy New Year!
Highlights
The US dollar is trading on an…
Sympathy for the Dollar
The dollar rally continued as US economic data continues to outperform, leading US bond yields higher. US 2- and 10-year yields have increased by 17bp and 67bp over the past month and the rise in the 10-year to 3.51% is nearly a…