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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.

Economy

European Banks: Pre-Stress Test Anxiety

Marc Chandler Jul 7, 2010

The market awaits for the European Bank Supervisors to provide more details about the stress tests. If the market has a better sense of the robustness of the stress tests it might lift some uncertainty among investors. There are…

Markets

Global Equities Lower, Risk Off In Bonds, Dollar Firms

Marc Chandler Jul 7, 2010

Highlights The US dollar is sporting a firmer profile against most of the major currencies but is largely confined to yesterday’s ranges. The yen is a main exception and been bid higher across the board as risk appetites wane. …

Markets

Baltic Dry Index Sinks For 28th Consecutive Day

Marc Chandler Jul 6, 2010

The Baltic Dry Index has fallen for the 28th consecutive session today. It is the longest decline in six years. During this swoon the index has fallen 49%. The main driver seems to be concerns about the cooling of China's…

Markets

More on China’s reserve holdings, banks and infrastructure

Marc Chandler Jul 6, 2010

There are several noteworthy developments from China. The first, while still a bit sketchy, seems the most promising. President Hu seemed to signal an acceleration of infrastructure construction in the western part of…

Markets

Dollar Soft, but Downside Limited

Marc Chandler Jul 6, 2010

Highlights The US dollar appears weaker across the board as New York traders return from the holiday weekend, but this is mostly a function of its modest bounce yesterday. The greenback is near levels seen just before the…

Markets

Dollar, Yen, and Swiss Franc Firmer In Thin Holiday Trading

Marc Chandler Jul 5, 2010

Highlights US dollar was mostly firmer vs. the majors as the risk off trading environment carried over from last week, albeit in thin holiday trading. Yen and Swiss franc were largely firmer, while EM FX was mixed. Biggest…

Markets

Dollar Remains Vulnerable After Weak US Jobs Data

Marc Chandler Jul 4, 2010

Highlights US dollar was mostly firmer vs. the majors in the aftermath of weak US jobs data, but lost ground to EUR and GBP. While we still think the US outshines the euro zone from a fundamental standpoint, the break of 1.25 last…

Markets

Forex Drivers in Q3

Marc Chandler Jul 3, 2010

As we begin the second half of what has already been a challenging year, it may be helpful to consider the potential drivers of the global capital markets. As always, numerous factors have to be juggled. Now however,…

Markets

China Looks Cheap

Marc Chandler Jul 2, 2010

When China first announced on 19 June that it was going to reintroduce flexibility into its exchange rate mechanism, we advised caution; warning that it may take some time for China's intentions to be clarified. The market's…

Economy

Employment Data Poor Despite Drop in Unemployment Rate

Marc Chandler Jul 2, 2010

The unemployment rate fell to 9.5% from 9.7%, but this likely reflects people dropping out of the labor market. The work week fell 0.1%, which is the equivalent of about 300k job loss. The private sector 83k jobs and the May…

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