Marc Chandler's Blog

Managing Partner and Chief Markets Strategist
Bannockburn Global Forex

Marc Chandler has been covering the global capital markets in one fashion or another for more than 30 years, working at economic consulting firms and global investment banks. After 14 years as the global head of currency strategy for Brown Brothers Harriman, Chandler joined Bannockburn Global Forex, as a managing partner and chief markets strategist as of October 1, 2018.

Chandler attended North Central College for undergraduate work, where he majored in political science and the humanities. He holds master's degrees from Northern Illinois University and the University of Pittsburgh in American History and International Political Economy. Currently, Chandler teaches at New York University Center for Global Affairs, where he is an associate professor. He is also an honorary visiting professor at the Darden School of Business at the University of Virginia.

A prolific writer and speaker he appears regularly in the press and has spoken for, and is an honorary fellow of, the Foreign Policy Association. In addition to being quoted in the financial press daily, Chandler has been published in the Financial Times, Foreign Affairs, and the Washington Post. In 2009, Chandler was named a Business Visionary by Forbes. In 2009, his book, Making Sense of the Dollar, was published by Bloomberg Press and received a Bronze Award from Independent Publishers.

What Sugar Tells Us About Trade

By Marc Chandler – The renegotiation of NAFTA is set to begin in August. Ahead of it, US Commerce Secretary Ross threatened an 80% tariff on sugar from Mexico if the three-year conflict was not resolved here in early June.

Why Greece's Challenge Won't Go Away

By Marc Chandler – Greece is stuck. It has fulfilled nearly every demand of the official creditors. Most recently, it agreed to cut some pensions and raise some taxes after the current aid package expires around the middle of next year.

Are Cryptocurrencies Becoming a New Asset Class?

There has been a surge of interest and activity in what have been dubbed crypto-currencies. According to the Economist, the market cap for this space is around $60 bln, and a founder of one of the crypto-to-crypto exchanges estimates...

Dollar Drops as Investors React to Latest Washington Drama

The US dollar has drifted lower against most of the major currencies as the culmination of news from Washington, escalating already rising concerns about the economic agenda that was to bolster growth with dramatic tax reform, infrastructure...

Eerie Calm Shrouds Markets

The VIX, the volatility of the S&P 500, is sometimes touted as a "fear index." Today is it extending its push below 9%, to fall to its lowest in nearly a quarter of a century. There has been four (Finland, Austria, the Netherlands, and France) successive...

The State of the Dollar Bull Market

The Federal Reserve's real broad trade-weighted dollar fell for the first three months of 2017, and the greenback's heavy tone this month has raised questions about the state of the bull market. Despite this recent weakness, we think the bull...

US Jobs Growth Disappoints

US jobs growth slowed considerably more than expected in March and the disappointment pushed the dollar and equities initially lower. The US created 98k jobs in March, well below market expectations for around 175k jobs. Adding insult to...

Brexit Takes Fresh Toll on Sterling, While Dollar Firms

UK Prime Minister May got the parliamentary approval the courts ruled was necessary to formally trigger Article 50. It is not clear what UK she will lead out of the EU. Scotland is beginning the legal proceedings to hold another...

The Misplaced Animosity Towards Imports

The mercantilist inclination by the Trump Administration makes it seem as if exports are good and create jobs and imports are bad and cost jobs. This is simply not true. This assessment is not based on newfangled thinking about trade.

US Tax Reform in Jeopardy and the State of Strong Dollar Policy

The focus in the market is shifting away from the Federal Reserve, for which the consensus recognizes that the FOMC minutes probably make a March hike less likely. The CME's calculations put the odds at less than 18%, while the Bloomberg estimate...

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