From mid-2008 through early 2009 the U.S.dollar staged a moderate rally against major currencies,as foreign investors were excited at the possibility of unusually high returns from low-risk U.S.assets.

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From mid-2008 through early 2009 the dollar staged a moderate rally against major currencies,despite the fact that the American economy was suffering from a serious financial crisis.The reason seems to be that despite America's problems,things were even worse in many other countries,and foreign investors saw the dollar has a safe haven and put their money in low-risk U.S.assets,particularly low-yielding U.S.government bonds.

From Mid-2008 Through Early 2009 the U