Poor and middle-income families need a better way than 529s to save for college

May 27, 2017 02:57 am UTC| Insights & Views Economy

A college education is increasingly necessary for success in todays economy. Its also increasingly expensive. Americans with a college degree earn, on average, US$1 million more over the course of their lives than those...

Chinese authorities announce new formula to fix yuan exchange rate

May 26, 2017 16:53 pm UTC| Commentary Economy

On Friday, Chinas authorities announced another change to the formula to fix the yuan exchange rate. The China Foreign Exchange Trade System stated that the Peoples Bank of China is changing the method of fixing rate that...

Japan's underlying inflationary pressures remain subdued, highlight difficult task ahead for the BoJ

May 26, 2017 11:49 am UTC| Insights & Views Economy Central Banks

In Japan, data from the Internal Affairs Ministry showed on Friday that Japans core consumer inflation gauge rose for a fourth month in April, the longest run of gains since mid-2015, but remains far below the central...

U.S. Treasuries gain ahead of Q1 GDP data; slightly higher initial jobless claims lend support

May 26, 2017 11:12 am UTC| Commentary Economy

The U.S. Treasuries gained Friday as investors await the countrys first-quarter gross domestic product (GDP), scheduled to be released later in the day. Further, the slightly higher reading of the initial jobless claims,...

German bunds climb on safe-haven demand amid quiet trading session

May 26, 2017 09:08 am UTC| Commentary Economy

The German bunds climbed at the close of the trading week on Friday as investors poured into safe-haven instruments amid a quiet trading session that witnessed data of less economic significance. The yield on the...

EUR/HUF likely to remain steadily higher over the coming year, says Commerzbank

May 26, 2017 08:04 am UTC| Commentary Economy

MNB remained dovish at its May Monetary Policy Committee (MPC) meeting this week, but there was the absence of any fresh dovish signals, which made markets wonder whether or not MNB was going to reconsider its ultra-dovish...

JGBs flat post slightly lower-than-expected April core consumer inflation

May 26, 2017 06:32 am UTC| Commentary Economy

The Japanese government bonds traded flat on the last trading day of the week after reading the countrys slightly lower-than-expected core consumer price inflation for the month of April. The benchmark 10-year bond...