Current Foreign Finance: The Dollar Strikes Back (A little)

The dollar has seen to be making a little bit of progress already in a dismal recession. According to marketwatch.com increased by .239 points from 87.782 to 87.543 in "the North American trade late Thursday."

This is quite the hopeful look compared to the Euro that seems to continue to worsen in value. According to marketwatch.com the Euro decreased to the amount of $1.25 this past week, and economists hope it increases, yet it still seems to be dropping.

The reason why the dollar has been doing better in foreign finance is because traders were more cautious with their money-spending and investments, according to marketwatch.com.

Although the Euro may have dropped in value, there is no hint of right now if one of the 16 countries participating in the European Union will drop out and start producing its own currency for the sake of saving, according to marketwatch.com. Germany's prime minister doubted that any country would leave the EU, but then Germany has not insisted to financially help other ailing EU countries that need financial support.

In general, the U.S. dollar seems to be on the rise (a little) as long as more people are cautious with their spending and investments but not overly-cautious. Spending is what stimulates the market, but it is also what can break the market. By saving more Americans will learn when they do make bad decisions in the market, they will have some money to rely on. Hopefully, other countries like those in the EU and the U.K. will also follow suit.

For now, this is Chloe Colbert reporting on foreign finance for The Colbert Report.