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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.
By Marc Chandler of Brown Brothers Harriman Highlights The US dollar has seen its initial gains scored in Asia pared, but the risk is that North American players resume the buying of the greenback. The euro initially fell to about…
G-20 Offers Little To Support The Euro
By Marc Chandler of Brown Brothers Harriman.
Highlights US dollar was mostly firmer vs. majors, with EUR/USD making new multi-year lows after breaking 1.20. More jitters about Hungary didn’t help the euro. Yen was stronger…
Gas Now, Brake Later
A post by Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman. The G20 finance ministers and central bankers are meeting in South Korea to prepare for the summit in Toronto in a few weeks time. There seem to be…
Jobs Data Disappoint
The US employment data was disappointing. The key measure of private sector job creation was only 41k compared with expectations for 180k and a 3 month moving average of 155.6k. The fact that the unemployment rate ticked down is…
Hungary Plunges
A combination of ill-thought out comments by the new Hungarian government coupled with a surge in the Swiss franc is seeing the forint drop like a rock and is seeing CDS on Hungary explode. Many Hungarian mortgages are denominated in…
French Prime Minister Embraces Parity
News wires report French Prime Minister Fillon claim that he only sees good news in the euro moving to parity to the US dollar only adds fuel to the current fire. This seems like malign neglect in contrast to the benign neglect the US…
Jobs Data in Focus
Highlights The US dollar trading higher just as the North American session is about to start. However, position squaring in Asia and Europe had pushed short-term technical indicators into an over-extended condition and near-midday in…
Spanish Cajas Merging, but Are They Serious Yet?
Spanish savings banks, called cajas, are finally moving. It took the central bank to take over CajaSur, which is controlled by the Catholic church in Cardoba, ten days ago to light a fire under the others. There were about 45 of…
Euro Reprieve To Be Brief
Highlights The US dollar is modestly lower against the major and emerging market currencies. The key driver is really the absence of bad news and some position adjusting in the wake of stronger commodity and equity…
Yen Pushes Euro Out Of The Spotlight; Brazil and Singapore Also In View
Highlights The US dollar was mostly softer vs. the majors, but EUR/USD was sidelined for a day as the yen was the big mover on political uncertainty (see below). We believe the euro bear trend remains intact, but that the pace of…