ecognized that the worldwide financial crisis in 2008 originated in the United States, as its financial institutions were most active in fueling the housing boom. However, investors throughout the...

ecognized that the worldwide financial crisis in 2008 originated in the United States, as its financial institutions were most active in fueling the housing boom. However, investors throughout the world had bought U.S. mortgage-related securities and this spread the global crisis. When the crisis hit, the value of the U.S. dollar rose sharply against many other currencies. What might have caused this appreciation?