If true, this is really an indication that recovery is going to become difficult as the cost of US Treasury borrowing increases.
The selling was stoked by an article in Britain's "Independent" newspaper that said secret meetings were taking place between Arab states, China, Russia, Japan and France, to end dollar dealings for oil and moving instead to a basket of currencies, including the euro, the yen and the Chinese yuan.
Read more of the story by clicking on the following: Officials deny UK media report on move from dollar - Yahoo! Finance
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