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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.
Mexico is taking advantage of the investment climate and the near insatiable demand for emerging market credits. The peso may also benefit from actions by other countries, from Brazil to South Korea taking actions to deter hot money…
Dollar Softer on Intervention Outlook
Highlights The US dollar is mostly softer in quiet trading. Yesterday’s momentum has largely faded, but the beleaguered greenback still cannot sustain even modest upticks. In recent days, a number of Fed officials that…
More Thoughts On Today’s Ratings Actions
By Win Thin, Global Head Of Emerging Markets Strategy, BBH Here are some more thoughts on Moody’s actions today. In general, Moody’s has been too soft on Europe and so putting Ireland’s rating on review for possible downgrade (just like…
Did the MOF Signal No More BOJ Intervention (Near-Term)?
Japan's Finance Minister Noda has indicated that he will take advantage of the upcoming G7 and IMF meeting to explain its Sept 15 intervention. While US Fed and Treasury and the ECB did not comment on the intervention, several others did,…
Win Thin: More On Brazil And Korea Currency Controls
No big surprise from Brazil’s decision to boost the IOF tax on fixed income foreign investment to 4% from 2% previously. This is a pretty strong statement from the authorities that 1.70 is the line in the sand, and if USD/BRL continues to…
RBA & BOJ Rate Decisions Surprise Markets
Highlights The US dollar rise yesterday looks like a one-day wonder, with the euro returning to the $1.38 area, sterling moving through yesterday’s highs and the Swiss franc at new record highs vs the greenback. The Australian…
ECB Winding Down or Winding Up?
A couple of ECB officials have indicated that when the extraordinary liquidity provisions expire at the end of the end of the year, they will not be renewed. Officials drew comfort in the recent news that the stock of bank loans…
Dollar Firmer on Eurozone Debt Concerns
Highlights The US dollar is enjoying a firmer tone, but has remained confined to its pre-weekend trading ranges. The euro is the hardest hit and although Nobel prize-winning economist Stiglitz pressed his pessimistic outlook for…
The US dollar is suffering broad losses
Highlights The US dollar is suffering broad losses. Signs that European growth are moderating or that an Australian rate hike next week is not as easy of a call as it appeared a few days ago has done nothing to dent the persistent…
Final Thoughts On Spain Downgrade
by Win Thin of BBH Here are some final thoughts on the Moody’s downgrade of Spain. In general, Moody’s has been too soft on Europe and the downgrade to Spain was long overdue. We still believe that the downgrade story will…