Dollar pulls back pre-FOMC

The dollar gave back last week's gains vs. the Euro and then some as the focus turned to the Fed’s interest rate decision next Thursday.  A general feeling that the Fed will not hike rates at their September meeting has seen dollar bulls reduce exposures, squeezing weak longs in the process.  EU economic data over the week added momentum as improved industrial production numbers out of Germany on Monday and Euro zone GDP growth reported on Wednesday prompted more buying interest in the EUR.

China, Fed weigh on USD

Last week’s devaluation of the Chinese Renminbi has continued to keep the foreign exchange markets on edge this week, though the CNY seemingly has stabilized for the moment. Continued fears regarding China’s growth have sustained the risk-off posture of the markets this week and, along with somewhat dovish Fed minutes released Wednesday, have helped to push the dollar lower from last week’s levels. The persistent sell-off in crude oil, now at six year lows, has also darkened the cloud over the global economic outlook.

Pages

Getting Started

Find your ideal banker:

Select any filter and click on Apply to see results

Featured Insights

On April 19, 2016, San Francisco became the first major U.S. city to mandate...

Financial institutions operate at the heart of our economic system and as such, are hyper-aware of market indicators...

As millennials graduate college and move into hip neighborhoods in expensive...

According to CB Insights, the gaming industry has moved through a variety of...

In this modern economy focused on lightening-fast, immediate services, it comes...

Solar energy installation in the United States hit some major milestones in 2015...

A new report from The Tauri Group has declared 2015 a...

Many experts believe that 2016 will be the end of the unicorn startup. Unicorns...

It all started back in 2000 with the objective to capitalize on the explosive growth in technology and provide a...

Managing the working capital of a business tends to be a balancing act that requires a deft touch in order for the...

Recent News

04/28/16
San Jose, CA – April 28, 2016 - Bridge Bank and Trinity Capital Investment, a...
04/01/16
SOUTH SAN FRANCISCO, Calif., April 01, 2016 -- Sunesis Pharmaceuticals, Inc. (Nasdaq...
03/23/16
View the 2015 Western Alliance Annual Report
03/22/16
Following a Record-Breaking Year of Growth, Leading Outsourcing Company Partners...
02/17/16
Durham, NC – Feb 17, 2016 – Bridge Bank today announced the recent hiring...
02/10/16
CARLSBAD, CALIF. -- February 10, 2016 -- Colorescience today announced the...
02/09/16
Los Angeles – February 9, 2016 - Bridge Bank announced today that it has provided...
02/04/16
PHOENIX (Feb. 4, 2016) – Forbes’ assessment of the 100 largest U.S. banks weighed...
01/29/16
San Diego, CA – January 28, 2016 – Bridge Bank’s Life Sciences Group (LSG) today...
11/20/15
MINNETONKA, Minn., November 17, 2015 - Zyga Technology, Inc., a medical device...

Twitter

Featured Insights

Featured Insight

Financial institutions operate at the heart of our economic system and as such, are hyper-aware of market indicators...

Featured Insight

It all started back in 2000 with the objective to capitalize on the explosive growth in technology and provide a...

Featured Insight

Managing the working capital of a business tends to be a balancing act that requires a deft touch in order for the...

Recent News

On April 19, 2016, San Francisco became the first major U.S. city to mandate...

As millennials graduate college and move into hip neighborhoods in expensive...

According to CB Insights, the gaming industry has moved through a variety of...

Twitter

  • Thank you so much for recommending us! 1 hour 50 min ago
  • We have offices in Boston, Dallas, Palo Alto, San Jose, San Fransisco and more! Contact any of our locations today: https://t.co/DLgmXw0ICq 1 hour 54 min ago
  • Are you excited to hear about our exclusive offers? We are too. Give us a call and we'd love to talk to you. https://t.co/DLgmXvJ7KS 2 hours 54 min ago