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.

Political Economy

China, Japan and the US: Chinese Revaluation and Shopping Spree in US

Marc Chandler Sep 22, 2010

US President Obama is scheduled to meet Chinese Premier Wen tomorrow on the sidelines of the UN meeting. Reports also suggest a bilateral meeting with Japanese Prime Minister Kan may take place. Even though the meetings will be separate,…

News

Fed Action Spurs Risk Appetite

Marc Chandler Sep 22, 2010

Highlights The US dollar continues to trade heavily in the aftermath of the FOMC statement that underscored the Federal Reserve’s readiness to move. Although activity has been choppy the direction is clear. The euro joined the other major…

Markets

Euro Recovers After Successful Bond Auction

Marc Chandler Sep 21, 2010

Highlights The US dollar is trading narrowly mixed against most of the major currencies ahead of the FOMC meeting. The euro’s recovery, after disappointing price action late Friday and yesterday, has brought it back to within striking…

Markets

Pace of Equity Flows into Asia are Accelerating

Marc Chandler Sep 20, 2010

Asian equities have been a market darling this year, but the pace of inflows have increased in recent weeks. At around $534 mln, foreign inflows into Indonesia this month after nearly a quarter of the entire year's. The $222…

Markets

FOMC Meeting, Irish Debt Sales, and Sino-Japanese Diplomatic Row in Headlines

Marc Chandler Sep 20, 2010

Highlights The US dollar is mostly lower, surrendering some of its pre-weekend gains, against most of the major currencies. Sterling is the notable exception. It is heavy in the wake of a drop Righmove’s house price index, for the third…

Economy

Observations Early in the Pacific Century

Marc Chandler Sep 17, 2010

The economic historian Arnold Toynbee argued that civilization began in the East, expanded around the world, and will return to the East. Even if expressed somewhat differently, many people seem to believe that the 21st century will be a…

Markets

Strong Earnings Bolster Risk Appetite

Marc Chandler Sep 17, 2010

Highlights The US dollar is mostly softer, but consistent with this week’s developments, the Japanese yen and Swiss franc are laggards. Additional intervention was not seen and the dollar has held above the JPY85.50. Japanese exporters…

Markets

Emerging Market Rally Getting Overstretched, Look For Weakness Next Week

Marc Chandler Sep 16, 2010

Currency performance this week: The biggest EM gainers vs. the dollar this past week were HUF, RON, CZK,PLN, MXN, TRY, and ZAR, while the only EM losers vs. the dollar this past week were RUB, PHP, CLP, COP, IDR, and ARS. …

News

Yen Claws Back Some Ground; RBNZ Leaves Rates on Hold, RBI Hikes

Marc Chandler Sep 16, 2010

Highlights The yen led gains overnight, rebounding from yesterday’s intervention. Still, USD/JPY remained above JPY85, with the pair hitting a low of JPY85.23, before trading around the 50 mark. EUR/JPY dipped back below JPY111. PM Kan…

Markets

Japan Intervenes: BoJ Puts Cat Among the Pigeons

Marc Chandler Sep 15, 2010

Highlights The US dollar is firmer against the major foreign currencies, but the main interest today is on the first Japanese intervention in six years that has succeeded in driving the greenback through the JPY85.00. This appears to have…

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