If you read an XML file from another site like this:
<cfset myDoc=XMLParse("http://72.250.245.94/videoshare")>
<cfdump var = "#myDoc#">
the UTF-8 coding won't be handled correctly, and you will have unexpected characters when you display the XML data.
If you read the XML file like this:
<cfhttp
url = "http://72.250.245.94/videoshare"
charset = "UTF-8"
result = "rawdoc">
<cfset myDoc=XMLParse(#rawDoc.filecontent#)>
<cfdump var = "#myDoc#">
The data will display as expected.