During the Great Recession of 2008-2009, the dollar increasingly was viewed as a safe-haven currency, as investors fled to it when they worried about the stability of the global economy.As investors fled to the dollar,

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As investors flee to the dollar, the demand for dollars increases. This causes the exchange value of the dollar to appreciate because there are more buyers of dollars compared to sellers, leading to a decrease in supply and an increase in demand.

During the Great Recession of 2008-2009, the Dollar Increasingly Was