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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

Ireland’s Rating Cut, Dollar Continues to Rally

Marc Chandler Dec 9, 2010

Highlights The US dollar headed higher, except against the Australian dollar, but continues to outperform against the rest of the G10. The euro, after earlier losses accelerated around $1.332, traded below $1.320 following the news that…

Markets

Three observations on China’s purchases of Japanese assets

Marc Chandler Dec 8, 2010

by Marc Chandler Three observations to share about China, regarding purchases of Japanese assets, suspension of 3-year debt auction for tomorrow and rate hike possibility. First, Japan's MOF reported that China bought JPY262.6 bln of…

Economy

Russia Moving Toward WTO Membership

Marc Chandler Dec 8, 2010

by Marc Chandler Russia is the last of the major countries that has not joined the World Trade Organization. The importance of the WTO may not be so much in liberalizing trade as negotiations take years. The WTO predecessor was GATT, which…

Markets

Rise in Bond Yields Drives Dollar Strength

Marc Chandler Dec 8, 2010

Highlights The US dollar headed higher amid a rise in tension on the Korean Peninsula and more importantly a surge in US bond yields with the 10-year increasing by 7bp today. The euro tested levels under $1.320 but sovereign support,…

Markets

India and China: Will the Tortoise May Pass the Hare?

Marc Chandler Dec 7, 2010

by Marc Chandler India's Finance Ministry raised its economic forecast for the year ending March 31, 2011. Back in Feb it had forecast 8.25%-8.75% growth and today increased that forecast to as much as 9.1%. Ironically, the increase in the…

Markets

Irish Budget Likely to Pass, Euro Relief Temporary

Marc Chandler Dec 7, 2010

Highlights The US dollar is mostly lower on news that US President Obama reached an agreement to extend the Bush tax cuts for another two years, which has lifted stocks and buoyed risk appetite, despite the speculation that China may…

Markets

South Korea: On Free-Trade Agreement And Won

Marc Chandler Dec 6, 2010

by Marc Chandler At the end of last week, the US and Korea appeared to reach the basis of agreement that will also resuscitate the moribund free-trade effort. In essence it appears that slowing down the liberalization in the auto sector…

Markets

Market Turns it Attention Back to Europe on Eurobond and Hungary

Marc Chandler Dec 6, 2010

We have long argued that there was less to the EFSF that met the eye due to the need to maintain AAA rating when most members are rated lower. However, to increase the guarantees now could signal that officials are preparing to have to…

Economy

Disappointing Jobs Data Sour Mood

Marc Chandler Dec 3, 2010

US employment data is wholly disappointing. Job creation much less than expected, unemployment rate jumps, hourly earnings flat and work week flat. The back month revisions pale in comparison to the disappointment. The market expected a…

Markets

Dollar Soft Ahead of Jobs Report

Marc Chandler Dec 3, 2010

The US dollar rally continued to soften as the market awaits the November jobs report. The market expects a 150k increase in non-farm payrolls with a 158k increase in private payrolls. The ECB must be pleased with itself. The strategic…

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