[Dems2008] As dollar hits new lows, investors look elsewhere

"The huge American trade deficit, while shrinking somewhat, continues to generate more dollar reserves for overseas exporters at a time when it is less attractive for them to keep those reserves in dollars. Some Middle East countries are hinting that they may move away from pricing their oil entirely in dollars, which would cause further downward pressure."

http://www.nytimes.com/2008/03/14/business/worldbusiness/14dollar.html?em&ex=1205640000&en=074808ada55d504b&ei=5087%0A

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