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	<title>Currency Newswire</title>
	<link>http://www.currencynewswire.com</link>
	<description>Breaking news and analyses on world currencies and Forex currency trading.</description>
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		<title>Fed&#8217;s Rules Let Brokers Turn Junk Into Cash at Height of Financial Crisis</title>
		<description><![CDATA[At the height of the financial crisis, the Federal Reserve allowed the world’s largest banks to turn more than $118 billion in junk bonds, defaulted debt, securities of unknown ratings and stocks into cash. Collateral of those asset types made up 72 percent of the total $164.3 billion in market-rate securities pledged to the Fed [...]]]></description>
		<link>http://www.currencynewswire.com/feds-rules-let-brokers-turn-junk-into-cash-at-height-of-financial-crisis</link>
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		<title>Vietnam Raises Rates</title>
		<description><![CDATA[Vietnam&#8217;s central bank raised two interest rates Friday, another step in the government&#8217;s new campaign against inflation and economic imbalances. The State Bank of Vietnam raised the recapitalizing rate—charged on its loans to commercial banks—to 13% from 12%, an official with the central bank&#8217;s department of monetary policy management told Dow Jones Newswires. It last [...]]]></description>
		<link>http://www.currencynewswire.com/vietnam-raises-rates</link>
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		<title>China Yuan Hits Fresh High</title>
		<description><![CDATA[China&#8217;s yuan rose to its highest level against the U.S. dollar under the current system late Friday after the central bank set another record-low dollar/yuan central parity rate. Dealers said the spotlight on the yuan at an informal meeting of finance ministers from the Group of 20 industrial and developed nations and expectations of a [...]]]></description>
		<link>http://www.currencynewswire.com/china-yuan-hits-fresh-high</link>
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		<title>China to Further Expand Cross-Border Renminbi Business</title>
		<description><![CDATA[China will enhance the renminbi&#8217;s role in cross-border trade and investment over the next five years, since country has witnessed progress in internationalizing the currency, an official with the country&#8217;s central bank said Saturday. Li Bo, director of the Monetary Policy Bureau of the People&#8217;s Bank of China (PBOC), made the remarks while summarizing China&#8217;s [...]]]></description>
		<link>http://www.currencynewswire.com/china-to-further-expand-cross-border-renminbi-business</link>
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		<title>Taiwan Central Bank Raises Key Interest Rate</title>
		<description><![CDATA[Taiwan raised its key interest rate for the fourth time in nine months in a bid to combat inflation. The island&#8217;s central bank Thursday raised the benchmark interest rate by 0.125 percentage point to 1.75 percent, saying the move will help stabilize Taiwan&#8217;s consumer prices and financial markets. Read more&#8230;]]></description>
		<link>http://www.currencynewswire.com/taiwan-central-bank-raises-key-interest-rate</link>
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		<title>Rep. Paul Planning Hearing on Fed Foreign Lending</title>
		<description><![CDATA[Persistent Federal Reserve critic Representative Ron Paul plans to hold a hearing on the U.S. central bank&#8217;s emergency loans to the branches of non-U.S. banks, his spokeswoman said on Saturday. &#8220;I was surprised and deeply disturbed &#8230; to learn the staggering amount of money that went to foreign banks,&#8221; Paul said in a statement. Read [...]]]></description>
		<link>http://www.currencynewswire.com/ron-paul-planning-hearing-on-fed-foreign-lending</link>
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		<title>Silver Price Suppression</title>
		<description><![CDATA[This paper is written as a response to market observers who opine, “how can the price of precious metals be suppressed when their prices have empirically gone up 4 fold and more over the past 10 years?” When we juxtapose Q3/2010 precious metals aggregates against Q4/2010 – we can see that J.P. Morgue and HSBC [...]]]></description>
		<link>http://www.currencynewswire.com/silver-price-suppression</link>
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		<title>JPMorgan&#8217;s Dimon slams CFTC on Swaps Crackdown</title>
		<description><![CDATA[Jamie Dimon, chief executive of Wall Street giant JPMorgan Chase, lashed out at efforts by U.S. regulators to police the $600 trillion swaps market, in which his bank is a big player. New regulations being implemented by the U.S. Commodity Futures Trading Commission, mandated under 2010&#8242;s Dodd-Frank Wall Street reforms, &#8220;would damage America,&#8221; Dimon said [...]]]></description>
		<link>http://www.currencynewswire.com/jpmorgans-dimon-slams-cftc-on-swaps-crackdown</link>
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		<title>Chinese Sub Pops Up in Middle of U.S. Navy Exercise</title>
		<description><![CDATA[When the U.S. Navy deploys a battle fleet on exercises, it takes the security of its aircraft carriers very seriously indeed. At least a dozen warships provide a physical guard while the technical wizardry of the world&#8217;s only military superpower offers an invisible shield to detect and deter any intruders. That is the theory. Or, [...]]]></description>
		<link>http://www.currencynewswire.com/chinese-sub-pops-up-in-middle-of-us-navy-exercise</link>
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		<title>CFTC Proposes Open Swaps Clearing for Small Banks</title>
		<description><![CDATA[The Commodity Futures Trading Commission approved a proposed rule to force the world’s largest banks to offer swaps clearing services to smaller firms, a change that would promote competition in the $615 trillion market. The proposed rule comes after an industry group of more than 20 mid-size brokers such as Jefferies &#38; Co., Imperial Capital [...]]]></description>
		<link>http://www.currencynewswire.com/cftc-proposes-open-swaps-clearing-for-small-banks</link>
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		<title>MBIA Reports $213 Million Third-Quarter Net Loss on Derivatives Contracts</title>
		<description><![CDATA[MBIA Inc., the bond insurer seeking to jumpstart its business of guaranteeing municipal debt, reported a $213 million net loss in the third quarter on a change in the value of derivatives contracts that reduced an accounting benefit. The loss of $1.06 a share in the three months ended in September narrowed from $728 million, [...]]]></description>
		<link>http://www.currencynewswire.com/mbia-reports-213-million-third-quarter-net-loss-on-derivatives-contracts</link>
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		<title>Chi-East Dark Pool Marks Test Case For Asia</title>
		<description><![CDATA[The launch today of a pan-Asian independent dark pool represents an important test case for the region, according to market watchers, as European trading venues and broker-dealers look east for expansion opportunities. Chi-East, a joint venture between Chi-X Global and the Singapore Stock Exchange, took the equities market by storm when it was unveiled in [...]]]></description>
		<link>http://www.currencynewswire.com/chi-east-dark-pool-marks-test-case-for-asia</link>
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		<title>USD/JPY Aiming Higher</title>
		<description><![CDATA[The Dollar extended its gains against the Japanese yen, yet the upside remained limited below the Wednesday high, with the pair still struggling with the daily descendant trend line coming from 92.88, June 4th daily high. The hourly chart shows price firm above a slightly bullish 20 SMA acting as dynamic support, while bigger time [...]]]></description>
		<link>http://www.currencynewswire.com/usd-jpy-aiming-higher</link>
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		<title>The Daily Forecaster: GBP/USD</title>
		<description><![CDATA[There&#8217;s still a risk of seeing 1.6069 but while it holds the outlook is bullish otherwise expect losses The underlying MT direction is bullish while the daily bias is bullish. Therefore the main risk is higher. Ensure that key support levels hold. Note key resistance levels that would suggest continuation of the bullish move. Consider [...]]]></description>
		<link>http://www.currencynewswire.com/the-daily-forecaster-gbp-usd</link>
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		<title>EUR/USD Falls to 1.3600</title>
		<description><![CDATA[The Euro continued losing ground against the US Dollar on Friday, favoring further speculative flows into the pair, as the price just landed on a new 5-week low at 1.3601. The current price rebounded to 1.3625. Jitters on the Irish debt problems are taking their toll on the Euro. Read more&#8230;]]></description>
		<link>http://www.currencynewswire.com/eur-usd-falls-to-1-3600</link>
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		<title>China Lashes Fed Easing as Risk to Global Recovery</title>
		<description><![CDATA[China said on Thursday that the U.S. Federal Reserve&#8217;s move to ease monetary policy risked undermining the global economic recovery, adding that Washington &#8220;should not force others to take medicine for its own disease&#8221;. A senior Chinese central bank official told reporters at the G20 summit in Seoul that the Fed&#8217;s move had caused &#8220;strong [...]]]></description>
		<link>http://www.currencynewswire.com/china-lashes-fed-easing-as-risk-to-global-recovery</link>
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		<title>Seoul&#8217;s G20 Summit Fails to Deliver</title>
		<description><![CDATA[There will be no pact on global trade imbalances at the Group of 20 summit because China and the US, or &#8220;G2&#8243;, are locked in opposition. A British official today also conceded the G20 summit in the South Korean capital of Seoul would not come to an agreement on specific targets or a timetable to [...]]]></description>
		<link>http://www.currencynewswire.com/seouls-g20-summit-fails-to-deliver</link>
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		<title>ECB&#8217;s Trichet is Bond Buyer of Only Resort</title>
		<description><![CDATA[European Central Bank President Jean-Claude Trichet is the buyer of only resort as the euro area’s bond market melts down. Just six months after he threw out his rule book to prevent Greece’s debt crisis from splintering the euro area, the 67-year old Frenchman may again be the only policy maker able to prevent the [...]]]></description>
		<link>http://www.currencynewswire.com/ecbs-trichet-is-bond-buyer-of-only-resort</link>
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		<title>China to Raise Banks&#8217; Reserve Requirement Ratio by 50 Basis Points</title>
		<description><![CDATA[The People&#8217;s Bank of China (PBOC), China&#8217;s central bank, said Wednesday it will raise the deposit reserve requirement ratio (RRR) for Chinese deposit-taking financial institutions by 50 basis points from Nov. 16. The RRR for the four big state-owned banks &#8212; the Industrial and Commercial Bank of China, China Construction Bank, Bank of China and [...]]]></description>
		<link>http://www.currencynewswire.com/china-to-raise-banks-reserve-requirement-ratio-by-50-basis-points</link>
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		<title>Peru Central Bank Leaves Reference Rate Unchanged</title>
		<description><![CDATA[The Central Reserve Bank of Peru Thursday left its key reference interest rate unchanged at 3.0%. Economists had expected the central bank to leave its policy rate unchanged, given weak inflationary pressures in Peru. In a statement, the central bank&#8217;s board of directors said that its decision takes into account the recent movements in inflation [...]]]></description>
		<link>http://www.currencynewswire.com/peru-central-bank-leaves-reference-rate-unchanged</link>
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