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.

Markets

Dollar Gets Punished on Policy Outlook

Marc Chandler Oct 14, 2010

Highlights The US dollar is getting punished; suffering steep broad based losses today. The spark that has driven the euro and sterling through their recent caps near $1.40 and $1.60 respectively, the Australian dollar, Swiss franc…

Economy

China: Surplus Shrinks, Reserves and Credit Grow Amid Speculation on Revaluation

Marc Chandler Oct 13, 2010

Note the reserve amounts in this post have been amended to reflect the $200 billion increase instead of the $20 billion originally cited. There are four developments in China to note today. First, China reported that its reserves jumped…

Markets

Dollar Mostly Lower As Shorts Get Re-established

Marc Chandler Oct 13, 2010

Highlights The US dollar is mostly lower as shorts get re-established after yesterday’s squeeze. The contrast between The ECB’s continued commitment to an exit strategy, leading to firmer euro zone interest rates, while the FOMC…

Markets

Dollar Enjoys a Broad Correction

Marc Chandler Oct 12, 2010

Highlights The US dollar is enjoying a broad correction against most of the major and emerging market currencies. The Japanese yen is one of the of the few exceptions and it is largely sidelined with the greenback confined in a…

Markets

Holiday Edition Capital Markets Subdued

Marc Chandler Oct 11, 2010

The US dollar is little changed against the major foreign currencies as the consolidation seen at the end of last week continue. Holidays in Japan, Canada and the United States contributes to the subdued tone. The euro made a…

Political Economy

Currency Wars: A View from the Trenches

Marc Chandler Oct 10, 2010

From the Friday BBH FX Special. Also see Win Thin's Thursday comments on this here. Recent weeks have seen much talk about "currency wars". This talk suggests that many countries are seeking the devaluation of their currencies in…

Markets

US Jobs Data Takes Center Stage

Marc Chandler Oct 8, 2010

Highlights The US dollar is firmer amid last minute positioning just ahead of the employment data. With another round of asset purchases continues to seem probable, even though FOMC voting member Bullard and non-voting Dallas Fed’s…

Markets

EM Real Effective Exchange Rates Hardly the Stuff of Competitive Devaluation

Marc Chandler Oct 7, 2010

by Win Thin With all this talk about currency wars, several points need to be made. The most important one that we have been stressing is that EM currencies are stronger now than they were a year ago, hardly the stuff of competitive…

Markets

The US dollar remains under relentless pressure ahead of jobs report

Marc Chandler Oct 7, 2010

Highlights The US dollar remains under relentless pressure. Even though the ADP has tended to under under-estimate private sector job growth, the unexpected weakness reported yesterday is the latest catalyst for expectations of…

Markets

Fitch Ireland Downgrade No Surprise, More To Come

Marc Chandler Oct 6, 2010

by Win Thin Here are some more thoughts on Fitch’s downgrade of Ireland to A+ from AA- with negative outlook kept in place. Of course, we view the Fitch downgrade as completely justified, and look for further cuts ahead as our model…

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