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.

Markets

You Like the Greenback, You Might Like Canada More

Marc Chandler Mar 11, 2010

Canada reported a larger than expected trade surplus earlier today. At C$0.8 bln, it was four times larger than expected and the December figures were revised to show a C$0.1 bln surplus instead of a C$0.2 bln deficit. Canada…

News

Weber says ECB may start taking a haircut on Greek bonds

Marc Chandler Mar 10, 2010

Bundesbank President Weber has been the most candid to date about what the ECB could do in case Greece is downgraded again, especially by Moody's. Recall the problem: Prior to the crisis, the ECB would take as collateral only…

Markets

The Pound Suffers while Asian Currencies Gain

Marc Chandler Mar 10, 2010

Highlights The US dollar is mixed against the major and emerging market currencies. The euro is consolidating in yesterday’s range as bonds stabilize and despite a smaller than expected German trade surplus. Comments from EU…

Markets

Rule of Alteration in Play Today for Euro vs. US Dollar

Marc Chandler Mar 9, 2010

Highlights The US dollar and yen are trading with a firmer tone against the major and emerging market currencies. But the markets still appear to be consolidating and we expect the “rule of alternation” to remain in play meaning…

Political Economy

Portugal Update

Marc Chandler Mar 8, 2010

With the anxiety caused by the Greece situation alleviated for the time being by last week's successful auction, words of support from Germany and especially France over the weekend, and follow through gains in the Greek debt market,…

Monetary System

What is Up with Fed Funds?

Marc Chandler Mar 5, 2010

The federal funds rate has been creeping up in recent days. At first, many dismissed it as a technical quirk. In early February, the effective federal funds rate firmed to 14 bp as it did in early March. However it did not…

Markets

Iceland Referendum — New Risks, Old Story

Marc Chandler Mar 4, 2010

Officials have been trying to come up with some way to avoid the weekend referendum in Iceland but it looks likely those efforts have been in vain. Polls show that nearly three-quarters of the Iceland voters will reject the deal that…

Markets

Euro Bounces On Greek News, Now Looks Ahead To ECB Meeting

Marc Chandler Mar 3, 2010

The following is a post by Marc Chandler, global head of Brown Brother Harriman’s top ranked Currency Strategy Team. For more of BBH’s currency views, please visit the BBH FX website here. Highlights The US dollar was largely weaker…

Markets

Euro Recovers As Markets Await New Greek Budget Cuts

Marc Chandler Mar 2, 2010

Political Economy

Greece Update: More Efforts before Assistance

Marc Chandler Mar 2, 2010

The following is a post by Marc Chandler, global head of Brown Brother Harriman’s Currency Strategy Team. For more of BBH’s currency views, visit the website here. Greek bonds are continuing to recover from the sell-off at the end of last…

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