Marc Chandler Quotes

Factory orders don't really move the foreign exchange markets. But the underlying signal is that the U.S. economy is growing robustly, looking to 4.5 percent growth in the first quarter.

- Marc Chandler

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Factory | Orders | Move | Foreign | Exchange |

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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. - Marc Chandler

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. - Marc Chandler

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. - Marc Chandler