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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.
Highlights The US dollar has recouped a good part of yesterday’s losses as the choppy range trading that has characterized recent trading continues. Despite a string of poor economic data, pointing to stronger deflation forces and…
The Land of the Rising Dollar
Next week, which may be considered one of the most important weeks of the year, brings a host of important events and data releases that many investors have been waiting for. The week technically kicks off tomorrow when the US reports 3Q…
Dollar Weakness Resumes After Brief Hiatus
Highlights The US dollar is weaker across the board today, but largely confined to yesterday’s trading ranges. Short-term participants are getting chopped up while long-term investors seem to have adjusted their positions and…
A Shift in Policy Tones
Highlights The US dollar is retaining its new found firm tone. Position adjusting ahead of next week’s key events continues to dominate, encouraged by the loss of the dollar’s downside momentum. Softer Australian CPI (2.8% in…
Euro Taking Another Leg Down
Into the European close, the euro has broken down further. A break below $1.3835 warns of the increased risk of a return to last week's low near $1.3700. The unwinding of long euro cross positions, especially against sterling…
British Pound is Sterling
Highlights The US dollar is still consolidating/correcting its recent decline against most of the major currencies today. The notable exception is the British pound, where a considerably stronger than expected initial estimate of…
Dollar Slumps Post-G20
Highlights The US dollar is broadly weaker in the wake of the G20 statement that appeared to encourage flowing in emerging markets and risk assets in general. Leading the move is the Australian dollar and Swedish krona. The…
Euro-Dollar Outlook
Executive Summary: We suspect the dollar’s decline against the euro is reaching its final stages. US interest rates appear to have largely priced in some form of quantitative easing by the Federal Reserve (though headline risk…
Currency Market Trepidations Ahead of G20
Highlights The US dollar continues to trade choppily against the major foreign currencies as corrective pressures encounter the underlying bearish sentiment. The unexpected rise in the German IFO (107.6 vs consensus 106.5 and…
Dollar Mixed After Strong European Data and Asian Reserve Diversification
Highlights The US dollar is mixed today and the real feature is the euro’s strength. Asian central bank reserve diversification and model-driven leveraged accounts appeared to help drive the euro higher. News that US Treasury…