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Secretary of State John Kerry offered a new warning about the consequences if Congress rejects the Iran nuclear deal, saying that could add to international sentiment to curtail the U.S. dollar as the global reserve currency.

“That is a recipe, very quickly, my friends, businesspeople here, for the American dollar to cease to be the reserve currency of the world, which is already bubbling out there,” Kerry said Tuesday in New York. “And if the United States were to behave that way, not only would we have lost them with respect to the sanctions, but we will lose their support if...

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