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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.
From the BBH Currency Strategy Team. Highlights The US dollar is mostly weaker vs. the majors as risk appetite creeps back in the wake of yesterday’s impressive recovery in equities after the very weak US data. EUR/USD still had trouble…
Yen Drops Back After Japan Comments on Currency; IFO Ahead
From The BBH Currency Strategy Team. Highlights Though concerns about economic growth prospects in major economies are still dominating financial markets after the poor US data yesterday, verbal intervention from Japan’s Finance…
Rising Risk Aversion Favors JPY, USD, and CHF
From the BBH Currency Strategy Team. Highlights The US dollar is stronger vs. the majors as risk aversion carries over and intensifies. EUR/USD is making new lows for this move but is finding some support around 1.26 for…
Dollar Softer In Narrow Trading Ranges
From the BBH Currency Strategy Team. Highlights The US dollar is mostly softer vs. the majors as earlier risk aversion during the Asian session has been reversed during early European trading. Overall FX trading has been in very…
Euro Hurt as Risk Aversion Picks Up
Highlights The US dollar is firmer across the board vs. the majors as risk aversion carries over today. Euro is coming under pressure and making new lows vs. the dollar after peaking on August 6 and has now broken the minimal…
Wheat and Currencies
Wheat is trading higher today, positioning to snap a 4-day profit-taking decline. The US Dept of Agriculture provided updated its forecasts for grain production. It now forecasts a global harvest for year than began June 1 at 645.7 mln…
Tensions Rising with China
The dollar-yuan was fixed today at CNY6.8015 today. It closed yesterday near CNY6.7750 and was fixed yesterday at CNY6.7768. The greenback's broad rally yesterday contributed to the sharply higher fix today. Subsequently, the dollar eased…
Poor Economic Data in Europe Increase Global Growth Concerns
From the BBH Currency Strategy Team. Highlights The US dollar is mostly firmer today after yesterday’s surge. After yesterday’s gains were briefly and marginally extended in early Asian trading, a consolidative/corrective…
Latam Update: ABC–Argentina, Brazil, Chile
Fears that the global recovery is faltering is unlikely to prevent Chile's central bank from hiking rates tomorrow. It had hiked rates last month and the data since has been strong and economists have generally revised higher growth…
Global Growth Concerns Ignite the Dollar
Highlights The US dollar has fully recouped and more so the losses inflicted in the immediate aftermath of the FOMC’s decision to recycle the MBS and Agency bond holding proceeds backing into Treasuries. Its somewhat more gloomy…