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U.S. Fed to allow foreign central banks to swap debt for cash

The Federal Reserve announced a new facility Tuesday that will allow foreign central banks to temporarily swap debt holdings for U.S. dollars.

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China acquired $8.3 billion in US treasuries in December

ChinaagainincreaseditsholdingsofUSTreasurysecuritiesinDecemberaftercutting12.6billionUSdollarsthepreviousmonth,theUSTreasuryDepartmentsaidonThursday.China'shold