Marc Chandler
Marc Chandler
Marc Chandleris a well known foreign exchange market analyst, writer, speaker, and professor. On August 19, 2009, Bloomberg L.P. published Chandler's first book, Making Sense of the Dollar...
effect market money sure viewing
That's the way the market is viewing that. But I'm not sure that it effect money supply.
brazil caught market mistakes policy powerful
Brazil is caught in a combination of its own policy mistakes and powerful market forces.
against best euro happen including japan
Coordinated intervention, including Japan intervening on the euro against the yen for the first time, would be the best thing that could happen for the euro.
fed funds increases looking march percent rate statement view
We should be looking at a Fed statement that increases the view of a March rate hike, and our view is that fed funds will be 5 percent by mid-year.
continues evidence foreigners tiring
There's no evidence that foreigners are tiring of U.S. assets. This continues to underpin the dollar.
continues deficit evidence financed foreigners tiring trade
There's no evidence that foreigners are tiring of US assets. The US trade deficit is more than being financed by foreign investment. This continues to underpin the dollar.
allow appear appreciate bill china cover full imports impose months passage provide six tax trip vote yuan
It does appear that they used the trip to provide cover for delaying a full vote on their bill which would impose a 27.5% tax on all imports from China if it did not allow the yuan to appreciate significantly with six months of passage of the bill.
dollar expected housing partly permits push starts
The push the dollar is getting is partly on the back of stronger-than-expected housing data. It's not just that housing starts are up. Permits were expected to fall.
data dollar good job
With the ECB out of the way and now the job data out of the way, we're in for another good dollar run.
early
If this is an escalation ladder, we're still on the very early rungs.
basically chop moving today
My sense is we're basically moving sideways. All we did today is chop around.
bank beginning japan low seems sell talk
On the fringes of the market, there is beginning to be some talk of the possibility that the Bank of Japan intervenes to sell U.S. dollars. While possible, the probability seems low at the present.
case citing congress exchange foreign labeled policy requires simply steals
On the one hand, being labeled a foreign exchange manipulator is a toothless policy because it simply requires bilateral talks. Big deal. On the other hand, by citing them the administration demonstrates to an uppity Congress that it is on the case and steals their thunder.
august favor federal hike june rate reserve retail sales sentiment swing
Sentiment will swing back in favor of a Federal Reserve rate hike in August if June retail sales rebound.