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Author : Marc Chandler
About Marc Chandler PRO INVESTOR
Head of Global Currency Strategy at Brown Brothers Harriman.
Stories by the author
So Much for a Market Forces-Based Yuan Exchange Rate
The Wall Street Journal is reporting that minutes of a meeting in China two months ago reveal that officials there have abandoned their commitment to give market forces greater...
Does it Matter When the Fed Raises Rates?
The US dollar lost momentum yesterday but has regained it today. The euro has been pushed through last week's lows near $1.1180. The next immediate target is $1.1145, which...
The G7, Japan’s Economy and a Big Chemical Merger
The capital markets are off to a mixed start to start the last week of the month. Asian shares were mostly higher, though the Nikkei shed 0.5%. European shares...
Emerging Markets’ Rocky Road
EM had another rocky week, but managed to end on a slightly firmer note Friday. Market repricing of Fed tightening risk was the big driver last week, and that...
Interest Rate Differentials Widen and the Dollar Benefits
The US dollar’s weakness in recent months, despite negative interest rates in Europe and Japan likely had many contributing factors. These factors include shifting views of Fed policy, weaker...
Currency Speculators Jump Ahead of Fed Signals
Speculative positioning in the currency futures began to adjust before the latest signals from the Federal Reserve about the prospects for a summer hike and the widening of interest...
Closer to Normal and the U.S. Dollar Moves Up
The combination of stronger US economic data and signals from the Federal Reserve that it is looking to continue the normalization process helped the dollar extended its recovery. The...
Not Seeing the Leadership for the Minutes
We felt strongly that the FOMC minutes would be more hawkish than the statement that followed the meeting, and we were not disappointed. However, our caveat remains the minutes...
Japan GDP Surprises, FOMC Minutes Do Not
The US dollar is rising against all the major currencies today. The Australian dollar is retracing a sufficient part of its recent gains to suggest that the current phase...
Sterling and the Aussie Dollar not Intimidated by the Greenback
The US dollar is mostly weaker today. It appears to be consolidating the gains scored since the reversal on May 3. Sterling and the Australian dollar are leading the...