When the effects of the global financial crisis started to spread more quickly throughout the rest of the world,the U.S. dollar ________ because demand for U.S. assets ________.

Question

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During the global financial crisis, the U.S. dollar appreciated because investors sought safety in U.S. assets, leading to increased demand for those assets and, consequently, the U.S. dollar.

When the Effects of the Global Financial Crisis Started to Spread