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.

Political Economy

China: It’s About Hu not Yuan

Marc Chandler Jun 11, 2010

Marc Chandler is the Global Head of Currency Strategy at Brown Brothers Harriman. The Russian despot Vladimir Lenin was a big fan of Frederick Taylor. Taylor's time and motion studies revolutionized the work process by boosting…

Economy

Shockingly Weak Retail Sales–Risk Taken Off

Marc Chandler Jun 11, 2010

The unexpectedly large drop in US May retail sales has perversely boost the dollar in early North American trading as risk is taken back off. The 1.2% drop is the largest fall since late Q3 09. The slight upward revision tot he April…

Markets

Correction or Consolidation?

Marc Chandler Jun 11, 2010

Highlights The US dollar is mixed in choppy trading as yesterday’s sharp moves are consolidated. The shallowness of the euro’s pullback suggests continued position squaring may be taking place. Some short-term momentum players…

Markets

Euro Aided By Constitutional Court and Rumors on China Currency Move

Marc Chandler Jun 10, 2010

News is that the German Constitutional Court has rejected efforts to block Germany from participating in the guarantees that are a critical part of the Stabilization Mechanism. While many expected such a ruling, there was a…

Markets

Dollar to Rally After ECB Rate Decision

Marc Chandler Jun 10, 2010

Highlights The US dollar is softer across the board and is indeed at new lows for the week against most of the major currencies ahead of a relatively constructive string of economic data and rate hikes from New Zealand and Brazil, a…

Markets

Euro, US Equities Prove Unable To Sustain Bounce

Marc Chandler Jun 9, 2010

Highlights US dollar was mostly softer vs. the majors, with EUR/USD trading above 1.20 briefly before falling back late in the day on US equity weakness. Bounces remain hard to sustain, so once this period of consolidation ends, we…

Markets

Seven Constructive Remarks About the Euro

Marc Chandler Jun 9, 2010

It has been all about euro weakness of late, with the market selling heavily and sometimes overreacting to any kind of bearish development (see last Friday’s exaggerated price action following a diplomatic gaffe by Hungary’s politicians).…

Markets

Euro as Reserve and Invoicing Currency

Marc Chandler Jun 9, 2010

A news wire is reporting that Russia remains committed to diversifying its reserves and has not changed its view of the euro. This is consistent with what several other central banks, including China, Japan and South Korea have…

Markets

More Thoughts on Switzerland and Why the Euro is Not Lower

Marc Chandler Jun 8, 2010

Investors are still trying to get their heads around the SNB's preliminary indication that is reserves rose to CHF232 bln in May from CHF153 bln in April. This represents more than a 50% increase in reserves in a single…

Markets

Euro Rebounds Against Dollar But at Record Low Against Swiss Franc

Marc Chandler Jun 8, 2010

Highlights The US dollar eased in Asia as a modicum of an appetite for risk returned, but the greenback rebounded in the European session. The euro returned to the $1.19 area after being unable to rise above the $1.20…

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