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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.
Highlights The US dollar is little changed against most of the major foreign currencies, but sterling continues to respond favorably to yesterday’s budget. News that for the first time since Aug 08 a BOE member (Sentence) called…
Canadian and Australian Dollars as Reserve Assets
Last year Russia previously indicated it was thinking about adding Australian and Canadian dollars to its reserves. More recently it said it was preparing to do just that. At the end of last week, the ECB's Noyer opined that…
Dollar Recoups Losses, Yuan Pares Gains
Highlights The US dollar remains firm after yesterday’s recovery. New concerns about the funding needs of European banks have been sufficient to offset the stronger than expected German IFO survey. Euro support is seen in…
State and Local Government: What a Drag
The European debt crisis has thus far unfolded as a sovereign debt crisis. And the sovereign here is the national government. This is particularly true in Greece. However in the coming months, it may become clearer that local…
Impact of Yuan Flexibility on Chinese Companies
China's Ministry of Commerce is on the wires saying it will monitor the yuan reform impact on Chinese export companies. While China is a big exporter it is also a significant importer as well. The increase in the yuan's…
Latam Currencies Poised To Benefit From Yuan Move
Ideas that China will allow greater flexibility in the yuan, which for many means appreciation, will have positive impact on Latam currencies. The Mexican peso and Brazilian real are leading the advance with about 0.66% gain…
China Speculation Key Driver
Highlights The US dollar is generally softer. News that China has agreed to make its currency more flexible has captured the imagination of the market and this has been expressed in what are regarded as risk trades. Among the…
China to G20: The Yuan is Not the Problem
The US Treasury and the Congress appear to be intensifying pressure on the China to allow the yuan to appreciate. Other officials may weigh in ahead of the G20 meeting (June 25-27). Congressional support is reportedly strong…
More on European Stress Tests
Stress tests on European banks have emerged as a key talking point. The criteria is not clear, though European officials are apparently telling anyone who is interested that the these tests are more robust than the previous tests conducted…
Dollar Correction Likely To Continue
Highlights The US dollar is generally consolidating this week’s losses in quiet and largely uneventful turnover. The shallowness of dollar bounces warns that the downside correction is not complete. Given the…