by Marc Chandler
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Source: cnbc.com - Click to enlarge
I had time this afternoon, as I prepare for my TMA presentation tomorrow night here in Hong Kong, to find my clip from yesterday on CNBC, where I suggested the risk of a dollar recovery after it lost downside momentum in North America on Monday.
There has not been much follow through today, though the euro broke below $1.08 in late-Asia and is maintaining the break in early European turnover. Sterling is the big mover. It was marked down in early Asia, but stabilized and has recouped a third to half of its losses. Benchmark yields are flat to slightly higher, while equity markets are firm.
Click here for the video clip.
He 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.
Tags: #USD,newslettersent
