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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
The Dollar Bulls Hold Their Ground
It took the market a few days to overcome the shockingly poor non-manufacturing ISM (51.4 vs. 55.5). However, by the end of the week, the US dollar bulls had...
India, North Korea and Mexico Dominated the EM Headlines
In the EM equity space as measured by MSCI, Colombia (+4.1%), Hong Kong (+3.9%), and China (+3.6%) have outperformed this week, while Thailand (-4.4%), Qatar (-3.3%), and the Philippines...
Europe (German Data) Sets a Heavy Tone
The US dollar is lower against all the major currencies this week as North American participants close it out. On the day, the dollar is consolidating swings yesterday and...
ECB Rate Policy Unchanged, but Growth Forecast is Shaved
The shaving of 2017 and 2018 growth forecasts, recognition of continued downside risks did not prompt the ECB to adjust monetary policy. Rates were left unchanged, as widely expected. ...
Are Quality Jobs being Created?
The pessimists have claimed that the US is generating low paying jobs. Nearly every monthly jobs report is followed by what seems to be a canned retort. The media...
Investor Response to Rate Change Prospects has been Uneven
Disappointing industrial output figures from Germany and UK are helping stabilize the US dollar after yesterday's shellacking. Investors have been fickle about the prospects for a rate hike this...
Service ISM Hits a Six-Year Low, and the Dollar
The US dollar was already trading with a heavier bias before the shockingly poor service ISM. The August non-manufacturing ISM tumbled to 51.4, a six-year low, from 55.5 in...
Another Round of Central Bank Meetings begins Down Under
The US dollar is trading heavily against most of the major and emerging market currencies. However, the losses are modest, and the greenback remains within recent ranges. The Antipodean...
Meanwhile, the Rest of the World Markets had a Work Day
Several developments took place while US markets were closed for its Labor Day holiday. Most of the economic news was favorable. This included a strong snap back in the...
ECB Grabs Central Bank Watchers’ Attention
The last two weeks have been about the US. First, it was Jackson Hole. The leadership of the Federal Reserve, Yellen, Dudley and Fischer sang from the same songbook....