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Let’s lead off with this ...

BEIJING, March 12 (Reuters) - The United States should not make a political issue out of the yuan, a Chinese central banker said on Friday, as the two countries lurched towards a potential bust-up over Beijing's currency regime.

The latest rhetorical salvoes underlined how long-running friction caused by the yuan's de facto dollar peg could come to a head next month when U.S. President Barack Obama's administration decides whether to brand China as a "currency manipulator".

People's Bank of China Vice Governor Su Ning said the United States should look to itself to boost exports and not cast blame on other countries, when asked to comment on remarks on Thursday

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Biggest % gainers: EUR/GBP up 0.77%, EUR/JPY, EUR/USD on very mild EUR strength.

Biggest % losers: GBP/CHF down 0.57%, USD/CHF, GBP/USD on mild GBP weakness & mild CHF strength.

Switzerland's justice minister warned in an interview on Sunday that top bank UBS could collapse if sensitive talks with the United States over a high-profile tax fraud investigation fall through.
"The actions of UBS in the United States are very problematic."The Swiss economy and the job market would suffer on a major scale if UBS fails as a result of its licence being revoked in the United States".

Gold $1,089
Oil $73.49 (Exxon Mobil's profit fell in the 4th quarter.)

U.S. ...

Biggest % gainers: AUD/JPY up 0.66%, USD/JPY, EUR/GBP, CHF/JPY on mild JPY strength.

Biggest % losers: GBP/USD down 0.71%, GBP/CHF on mild GBP weakness. U.K.'s Budget Deficit weighing on the pound this morning: http://www.bloomberg.com/apps/news?p...d=aVx5HTfURBGM

No huge movers either way so far this morning.

World Bank warns of a global slowdown in the 2nd half of the year: http://www.bloomberg.com/apps/news?p...d=aBviKKW7lJFg

Gold $1,105
Oil $ 77.83

President Barack Obama will offer proposals to limit financial institutions’ size and trading activities as a way to reduce risk-taking, an administration official said.
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Biggest % gainers: USD/CAD up 1.52%, USD/CHF up 1.12% on dollar strength.

Biggest % losers: NZD/USD down 1.69%, EUR/USD down 1.05%, CHF/JPY, AUD/USD, EUR/JPY, AUD/JPY on USD & JPY strength. NZD CPI came in worse yesterday which toned down the thought of rate hikes.

Oil $77.87
Gold $1,120

USD & JPY up as China curbs lending once again! Yen, Dollar Rise, Stocks Fall as China Curbs Bank Lending - Bloomberg.com

Some also speculate that the dollar is rallying as a Republican wins the Mass. seat which hurts the passage of Obama's health plan. Remember, currencies don't like major changes, especially when they could be an economic weight upon an economy. News is boosting ...