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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 US dollar is softer on the day vs. the majors, gaining only against EUR and SEK as markets search for direction ahead of Friday’s stress test results. The euro is trading softly after…
Market Preview: Treasuries as Safe Haven; Dollar and Equities Mixed
This comes via the BBH Currency Strategy Team. Highlights US dollar is mixed on the day vs. the majors, as markets search for direction ahead of Friday’s stress test results being released. The euro made a marginal new high for the…
German Institution Said To Fail Stress Test
Marc Chandler is on holiday. This post comes via Win Thin, senior currency strategist at BBH. Newswires are reporting that a big German institution failed the bank stress tests. The fact that this institution had already been taken…
Morning Market Preview: Irish Bonds Cut By Moody’s, Problems in Hungary
From Brown Brothers Harriman's Currency Strategy Team Highlights US dollar is mostly firmer on the day vs. the majors as risk off trading seems to be on the upswing, losing ground only to CAD and EUR. The euro made another attempt…
What I am Going to Think About on Vacation
Things I am Going to Think About On Vacation Like others, I try to clean off my desk before my summer vacation. This year it is particularly difficult because there seems to be several unresolved issues. I will mull them over…
Dollar Mixed, But Underbelly Soft; Global Equities Directionless
Highlights The US dollar continues to trade heavily against the euro and yen, but it is consolidating against the other major currencies. Poor US economic data and more benign news streams from Europe continues to fuel the…
Dollar Losses Continue After Weak US Data
Highlights US dollar was mostly weaker vs. the majors, up modestly only vs. AUD and CAD as the euro made another new high for the cycle near 1.2950. By ending the day at the highs, further euro gains look likely in Asia today. The yen and…
Industrial Production Increase Misleading
The 0.1% rise in US industrial output in June seems to defy expectations for the first decline since mid-2009, but the headline is deceiving. Manufacturing, the key component actually fell 0.4%. The headline was flattered by a 2.7% jump in…
Dollar Heavy As Japanese Bonds Rally And Spanish Bond Successful
Highlights The US dollar is broadly lower against the major foreign currencies. The combination of Fed’s recognition of downside risks to the US economy and inflation coupled with relatively smooth bond auctions from Spain and…
FOMC Minutes Not as Dovish as Some Expected, USD Ticks Up
The minutes from the recent FOMC meeting were not as dovish as some had expected and this seems to have encouraged some profit-taking on short dollar positions. As widely expected the Fed to cut inflation and growth forecasts, but the…