Political Economist

Marc Chandler has been covering the global capital markets in one fashion or another for more than 25 years, working at economic consulting firms and global investment banks.

Chandler attended North Central College for undergraduate work, where he majored in political science and the ... more

ALL CONTRIBUTIONS

Speculators Grow Net Long Dollar-Bloc Currency Futures, While Bears Jump On Short Euro
Speculators in the futures market mostly added to exposure in the CFTC reporting week ending February 21. Of the eight currency futures we track, the bulls added to gross long positions in six.
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Ranges Dominate In FX: Respect The Price Action
It is difficult right now to talk about foreign exchange market using the dollar as the numeraire. The dollar was stronger against most of the major currencies last week, but not the yen or sterling.
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Emerging Markets: What Has Changed - Friday, Feb. 24
PBOC tweaked its process for determining the yuan reference rate.
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Anxiety? What Anxiety?
The US dollar is finishing the week on a mixed note in choppy activity in narrow ranges. It is hard to find evidence this week of political angst in Europe, where the first national election is three weeks away.
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Recent Developments Are MXN-Positive
Banco de Mexico announced a new FX program to help support the peso without draining its foreign reserves.
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US Tax Reform In Jeopardy And The State Of The 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.
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STOCKS I FOLLOW

BA The Boeing Company
BZF WisdomTree Dreyfus Brazilian Real Fund
CAF Morgan Stanley China A Share Fund Inc.
CEW WISDOMTREE TR DRYFS EMRG
CX Cemex S.A.B. de C.V.
EIDO iShares MSCI Indonesia
EWC iShares MSCI Canada Index Fund
EWN iShares MSCI Netherlands Investable Market Index Fund
EWU iShares MSCI United Kingdom Index Fund
FXA CurrencyShares Australian Dollar Trust
FXE Euro Currency Trust
FXS CurrencyShares Swedish Krona Trust
GLD SPDR Gold Trust ETF
GXF GLOBAL X FTSE NORDIC 30 ETF
GXG Global X/InterBolsa FTSE Colombia 20 ETF
JYN iPathSM JPY/USD Exchange Rate ETN
PBR Petrobras - Petroleo Brasileiro S.A.
SPY SPDR S&P 500
SZE ELEMENTS Swiss Franc CHF/USD Exchange Rate ETN
TIP iShares Lehman TIPS Bond Fund
UDN PowerShares DB US Dollar Index Bearish Fund
XLF Financial Select Sector SPDR
XRT SPDR S&P RETAIL ETF
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TWEETS

PERSONAL BLOG

Latest Posts

Work Experience

Global Head of Currency Strategy
Brown Brothers Harriman
October 2005 - Present (11 years 7 months)
Extensive and regular public speaking and media exposure including FT, CNBC, Global Finance, Bloomberg Radio and TV, New York Times, Wall Street Journal, Euromoney, FX Week, The Street, Market Watch, Barrons, Businessweek, NPR, Forbes, CNN, and International Treasurer.
Chief Currency Strategist
HSBC
May 2001 - October 2004 (3 years 6 months)
Developed a team of New York based analysts to provide commentary and trading strategists for OECD and emerging market currencies. Facilitated internal risk-taking and supported sales efforts. Broadened and deepened client relationships through customized reports, strategies, and presentations.
Chief Currency Strategist
Mellon Bank
May 1999 - May 2001 (2 years 1 month)
Provided short and medium term analysis of developed and developing economies, currencies, and interest rates. Supported sales and trading in Pittsburgh, Boston, and London. Served on management investment committee and developed extensive corporate and custodial client contact.
Senior Strategist
Deutsche Morgan Grenfell
April 1995 - November 1998 (3 years 8 months)
Responsible for short term analysis and commentary on international currency and interest rate developments for the foreign exchange trading and sales forece. Worked directly with clients on strategy development. Contributed to internal and industry publications. Commanded high profile in the financial media and presented frequently before business groups and industry conferences.
Director of Research & Portfolio Manager
Ezra Zask Associates
August 1993 - March 1995 (1 year 8 months)
Member of managing committee for financial and commodity hedge fund. Developed trading strategies, interacted with outside managers, created and traded interest rate program, and assisted in execution of trading strategies in the foreign exchange portfolio. Designed and directed fundamental, technical, and quantitative research projects.

Education

University of Pittsburgh
Masters
1984 / 1985
Public and International Affairs, International Political Economy
Northern Illinois University
Masters
1982 / 1984
American History
North Central College
Bachelor of Arts
1979 / 1982
Political Science & Humanities

Publications

Making Sense of The Dollar: Exposing Dangerous Myths about Trade and Foreign Exchange
Marc Chandler
Bloomberg Press
08/19/2009
Has the greenback really lost its preeminent place in the world? Not according to currency expert Marc Chandler, who explains why so many are—wrongly—pessimistic about both the dollar and the U.S. economy. Making Sense of the Dollar explores the many factors—trade deficits, the dollar’s role in the world, globalization, capitalism, and more—that affect the dollar and the U.S. economy and lead to the inescapable conclusion that both are much stronger than many people suppose. Marc Chandler has been covering the global capital markets for twenty years as a foreign exchange strategist for several Wall Street firms. He is one of the most widely respected and quoted currency experts today.
Marc to Market:Breaking Down and Making Sense of Global Capital Markets
Marc Chandler
Marc Chandler
Global capital markets analysis and commentary blog with over 45,000 hits monthly. Featured on Seeking Alpha, Business Insider, FT Alphaville, ForexPros, Credit Writedowns, Zero Hedge, and The Street.