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To: regli who wrote (50742)	5/8/2006 12:20:16 PM
From: shades	Respond to of 116555

*DJ Freddie Mac To Roll Out Line Of 40-Year Mtge Options . (MORE TO FOLLOW) Dow Jones Newswires May 08, 2006 11:05 ET (15:05 GMT) Copyright (c) 2006 Dow Jones & Company, Inc.- - 11 05 AM EDT 05-08-06

To: regli who wrote (50742)	5/8/2006 12:20:33 PM
From: shades	Respond to of 116555

US Treasury To Issue Forex Manipulation Report Wed 4pm EDT . WASHINGTON (Dow Jones)--The U.S. Treasury Department plans to release its semi-annual report on the currency policies of major trading partners at 4:00 p.m. Wednesday, a Treasury spokesman said Monday. Treasury had previously said the report would be released this week, and spokesman Tony Fratto specified the expected time of the release at a routine weekly press briefing. The report will be watched closely for assessments of foreign exchange policy in China, which critics say has an unfair advantage in export markets because its currency is managed at below-market levels. At Monday's briefing, Fratto said the focus should be on what China is doing, and not necessarily on what Chinese public officials are saying in regards to exchange rate policies. "If you look at what China is doing in executing their commitment to putting in place a foreign exchange regime that has greater flexibility...you see some evidence that they're doing that," Fratto said. And with the report on the near horizon, Fratto said "we think their commitment is real; we're going to focus on actions." In the previous report, released in November, Treasury did not name China a currency manipulator but warned it would do so this year if Chinese authorities did not let market forces have more influence on the yuan's value. Still, Fratto echoed previous statements from U.S. officials that while the Chinese are making real gains towards more flexible exchange rates, "they could and should do more rapidly." China loosened its control of yuan last July, raising its exchange rate to the dollar by about 2%. But since then, the yuan has appreciated only about 1% further, drawing renewed criticism. Last week, Treasury Undersecretary for International Affairs Tim Adams said China has been too cautious in liberalizing its currency regime. (MORE TO FOLLOW) Dow Jones Newswires May 08, 2006 12:10 ET (16:10 GMT) Copyright (c) 2006 Dow Jones & Company, Inc.- - 12 10 PM EDT 05-08-06

To: regli who wrote (50742)	5/8/2006 12:20:48 PM
From: shades	Respond to of 116555

Most New Anti-dumping Charges Against China Exports - WTO GENEVA (AP)--Governments imposed more penalties against China for alleged "dumping" of exports below market price than against any other WTO member in 2005, the commerce body said Monday. World Trade Organization members applied 40 extra "anti-dumping" duties against China's exports last year - slightly down from 43 in 2004, according to statistics compiled by the WTO from reports by individual members. Governments investigate dumping when they suspect that producers are exporting products at below the market price in their own country - usually because exports have been subsidized or in an attempt to corner the market. In 2005, 13 new duties were imposed against the U.S. and eight each against Taiwan and South Korea. A total of 17 WTO members applied 131 new anti-dumping penalties in 2005, down from a total of 151 in 2004. The European Union applied the biggest number, with 21. Chemicals topped the list of penalized products in 2005, accounting for 30 of the 129 new measures reported, the WTO said. Other major sectors targeted were base metals -including iron, steel and aluminum - and plastics. India started the largest number of anti-dumping investigations of other countries' products, with 25, followed by the E.U. and China on 24 each. The total number of new investigations in all 149 WTO member states fell to 191 in 2005, compared with 213 the previous year. (END) Dow Jones Newswires May 08, 2006 11:51 ET (15:51 GMT) Copyright (c) 2006 Dow Jones & Company, Inc.- - 11 51 AM EDT 05-08-06

To: regli who wrote (50742)	5/8/2006 12:35:15 PM
From: ild	Read Replies (1) \| Respond to of 116555

<<<Central Banks will use this defence to unload their dollars back to the States>>> How can they do that in practice? Unloading dollars means buying something in the US. But there is nothing in the US they can buy. China weren't allowed to buy little Unocal. There is no way Japan and China will be able to spend their USD holdings. In fact I see other countries dumping their USDs onto Japan and China.