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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.

Markets

More About Japan and the Yen

Marc Chandler Jun 2, 2010

The yen is drifting lower in the North American morning. If at first in response to the resignation of Prime Minister Hatoyama the yen was sold on political uncertainty, it may be being sold because of uncertainty appears to be…

Markets

Resignation of Japan’s Prime Minister Puts Yen Center Stage

Marc Chandler Jun 2, 2010

Highlights The US dollar is little changed against most of the European currencies and within the dollar-bloc as a consolidative phase is emerging. The yen is center stage today following the resignation of Japan’s prime…

Markets

Euro Remains Unable To Sustain Rallies

Marc Chandler Jun 1, 2010

Highlights The US dollar was mostly firmer vs. the majors. EUR/USD made a marginal new low for the cycle at 1.2111, helped by rumors about France (see below) but then spiked higher during North American trading before closing lower…

Markets

RBA Sits Tight But Bank of Canada Moves 0.25% As Expected

Marc Chandler Jun 1, 2010

Australia The Reserve Bank of Australia met earlier today and as widely expected kept the official rate steady at 4.5%. The tone of the statement was fairly neutral, as one might expect after 6 rates hikes since last October and…

Markets

Dollar Strong on Continued Concerns over European Debt

Marc Chandler Jun 1, 2010

Highlights The US dollar has begun the new month off on strong footing against both and emerging market currencies. The yen is the sole exception. There are three drivers today. The first is economic data from China and…

Markets

Dollar Softens Modestly In Thin Holiday Trading

Marc Chandler May 31, 2010

Highlights The US dollar was mostly softer vs. the majors, but remained in narrow trading ranges as both UK and US markets were closed for holidays. While the euro saw a brief respite, we believe that the negative news stream will…

Economy

Fallout: Europe Re-writing the Social Contract

Marc Chandler May 28, 2010

Increasingly policy makers and investors are thinking about the consequences of the European financial crisis. The following focuses on two such consequences that are unlikely to appear on other lists.

Markets

Euro Surrenders Earlier Gains After Short Covering Rally

Marc Chandler May 28, 2010

The euro has surrendered its earlier gain, dropping a full cent from the session highs set in early Europe just above $1.2450. The short-term technical indicators were a bit stretched, but the proximate cause seems to be news from the…

Markets

Euro Advances in Quieter Markets on Short Covering

Marc Chandler May 28, 2010

The US dollar is mostly little changed today. The main feature is the covering of short euro positions and this has lifted the single currency to new four-day highs against the dollar. As we have noted in recent days, its downside momentum…

Markets

Money Market Developments

Marc Chandler May 27, 2010

Three month dollar LIBOR has edged up again today. It has risen every day since May 10th, though the pace has slowed. This reflects the demand for dollar funding. While the focus in on European banks, the scramble to…

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