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Why is it that the US dollar has been going up against other major currencies such as Euro Pound Canadian in recent weeks when it is America that is going through the most severe financial crisis?

The American dollar was at a low before the economic crisis hit, so an uptrend was in the waiting. Also, because of the lock-up in credit, it became harder to get money, resulting the value of a dollar to go up.

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First answer by Sefner. Last edit by Sefner. Contributor trust: 92 [recommend contributor]. Question popularity: 1 [recommend question].

Answers.com > Wiki Answers > Categories > Science > Social Sciences > Economics > 2008 Economic Crisis > Why is it that the US dollar has been going up against other major currencies such as Euro Pound Canadian in recent weeks when it is America that is going through the most severe financial crisis?

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How many major currencies are there?  What are the major differences between the us dollar and the euro?  What are causes of the financial crisis in america And what is it doing?  Why the British pound has depreciated significantly against the dollar and the euro?  Why is it that the US dollar has been going up against other major currencies such as Euro Pound Canadian dollar in recent weeks when it is America that is going through the most severe financial you?