Marc Chandler Quotes (28 Quotes)

Any disappointment with the Philadelphia Fed Survey could lead to renewed dollar selling. A weak number would confirm the earlier survey and suggest a downside bias in the next ISM manufacturing report.

There are some people playing the carry trade and there are some people who are momentum players.

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.

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.

Should the weak economic tone persist into early second quarter data, the risk of a summer rate cut increases.

The data shows that the housing market is not falling off the edge of a cliff, and the consumer confidence numbers are also better than expected so we're seeing a knee-jerk rise in the dollar.

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.

The economic performance is taking on even great significance in the market's understanding of the trajectory of Fed policy. Any disappointment with the Philadelphia Fed Survey could lead to renewed dollar selling.

The pendulum has swung back in favor of a March rate hike. The dollar-bull camp is based on the interest-rate differentials. They have really renewed their widening.

The currency markets are particularly sensitive to this kind of news. Partly because when you buy a stock or buy a bond, you are buying a claim on a future earnings stream, some kind of money's coming to you in the future. When you buy a currency, you're buying confidence in a government.

My sense is we're basically moving sideways. All we did today is chop around.

Brazil is caught in a combination of its own policy mistakes and powerful market forces.

Companies are not helpless in fluctuating currencies. But if you listen to these U.S. companies, you only hear about it when the currency situation hurts them, never when it helps them. I'll listen to these excuses when they acknowledge that this stuff cuts both ways.

You have to wonder why some companies didn't hedge, because there was plenty of time along the way when they could have.

Although its reserves are meager (4.5 billion), it is part of the steady stream of such news.

The Federal Reserve purposely seeks not to surprise the market. And it delivered no surprise today, keeping rates steady. The statement following the meeting confirmed what the market has suspected, namely that demand is moderating bringing it closer to the economy's growth potential.

It's unreasonable to expect currency movements to affect trade balances when you have all these other disequilibria like wages.

I'm confident that no member of the public saw our commercial or logo or telephone number and thought we were actually pit bulls or thought we were actually going to maim somebody or attack somebody.

I see no officials saying a war is less likely. I don't think the protesters in Western Europe and the U.S. are enough to change policy makers' minds.

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.

The quiet in the market has more to do with the holiday than it does with the strike. Foreign exchange is such a global market that if there's a staffing problem in New York City, they can pick up the slack in London or in other centers.

We still don't know how many more rate hikes there are in the cycle and the minutes don't really shed light on that. But rate hike increases are probably not large.

The market is having second thoughts about the need for further Federal Reserve rate hikes following Friday's weak employment report.

The market is pricing in a lot of good news for Europe and is not fully appreciating the good news we have for the U. S. The psychology is getting ahead of the fundamentals.

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.

The data is stronger-than-expected ... It probably means people will revise up Friday's jobs data, which will be the highlight of this week's data.

I'd say hedging has nothing to do with what we've seen in the trade data.

Through this tightening cycle the market has looked at every opportunity to say the Fed is done. The Fed is not done until the market gets ahead of the Fed and it is not there yet.