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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 is mixed in quiet trading ahead of the US jobs report. With some risk-taking is returning to the markets on the back of data this week suggesting that the pace of the slowdown may be moderating and this is lending…
Political Risk Rises In Romania, Stay Short RON
By Win Thin, Senior Currency Strategist, BBH Developments in Romania today support our recent bearish call on the leu. EUR/RON has risen after we went long Aug 30 around 4.24. We still target the record high 4.40 from June and expect this…
Little News from US Jobs and Trichet, Dollar Softens
The two key events of the day are passing with little fanfare. The weekly initial jobless claims in the US slipped and sufficiently so as to bring down the 4-week moving average for the first time in a little over a month, but remain too…
Waiting for Trichet
BBH CurrencyView Highlights The US dollar is mostly softer, though within yesterday’s ranges as market participants await the ECB’s press conference and US economic data. Sterling is under-performing perhaps being impacted by the softer…
Will the Risk Appetite be Sustained In North America?
BBH CurrencyView Highlights The US dollar is broadly lower to start September as stronger data, especially from Australia and China encourage new risk taking. Yet this has not seen the yen and Swiss franc, beneficiaries of risk aversion,…
India Booms
One key theme has been how well many emerging market economies have held up while the world's biggest economies slow. India's Q2 GDP report fits into that theme. The 8.8% year-over-year growth represents an acceleration from the 8.6% y-o-y…
Swiss Franc Hits Record vs Euro; Yen Gains
The BBH CurrencyView Highlights The Swiss franc rose to a record against the euro while the yen also continued to edge higher through the Asian session as some improved Japanese figures failed to dent the risk-off momentum. EUR/CHF…
Romania In The Spotlight: Stay Short RON
By Win Thin, Senior Currency Strategist, BBH In light of recent attention on Eastern Europe, here are some thoughts on Romania. The government has been unable to sell local debt at its self-imposed cap of 7% because investors have been…
Eastern European Concerns To Rise, Hungary To Come Under Further Pressure
By Win Thin, Senior Currency Strategist, BBH Harvard Professor (and former IMF official) Kenneth Rogoff expects some Eastern European countries to face sovereign crises over next 2-3 years. In a weekend interview, Rogoff predicted…
Dollar Softer As Markets Await Bernanke Speech
From the BBH Currency Strategy Team Highlights The US dollar is mostly weaker vs. the majors but remains in very narrow trading ranges ahead of the weekend. EUR/USD is still having trouble moving above the 1.27 area, and is likely to…