This news comes via BBC News online.
Many of the world's central banks are starting to look to the euro to fill their currency reserves instead of the dollar, a survey suggests.
The poll carried out by Central Banking Publications found 39 nations of the 65 surveyed raising their euro holdings, with 29 cutting back on the US dollar.
The dollar's sharp fall in the face of huge deficits could be one cause of the switch, the report says.
The survey was sponsored by the UK's Royal Bank of Scotland...
"Generally, central banks' approach to reserve management is becoming much more active as they search for higher returns," said the authors of the report.
"The euro seems to have come of age."
I've previously expressed confidence that this sort of development can proceed in an orderly fashion, but it is beginning to look like the period of adjustment may come sooner rather than later. But maybe that's a good thing...
(Hat tip to my colleague Ed Nosal, who brought this to my attention.)
UPDATE: Comments on a related Financial Times article can be found here, here, and here.