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Strong Japan Yen Holding Up Asian Market

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Linda Maze, a Wedding photography Gainesville FL in Gainesville Florida

Thursday, Asian markets dropped by a little bit despite the fact that the Japanese yen remains strong. The yen seems to be at a all time new high after 15 years. WIth a disappointing US job market, the dollar continues to weaken compared to the Euro and Asian yen. The US dollar continues to weaken as the price of gold increases as these fears increase. A barrel of oil compared to the US dollar is above $80 and is holding steady. Around the other side of the world, Japan’s version of the dow jones, drops about 21 points even though their yen is strong. Financial worries hit the US economy as consumers are wondering what to do to protect themselves. More and more consumers today are getting a hold of how to get free credit scores and taking charge of their own finances.

Japan still held on to their gains earlier this week of over three percent. With these gains, the dollar is continuing to slip especially with the euro as well. Gold holds their value as the dollar continues to inflate and lose value. In order to have some grasp of the economy these days, US consumers are more relentless in getting a free yearly credit report to check for errors. Studies show that consumers are getting smarter with their own finances.

With the only option for the Fed to support the US economy, they continue to by US government debt. The effect of buying government debt include the drop of long-term interest rates to encourage more borrowing. Economic activity is then sparked with the lowering of interest rates. This comes as good news to any consumers who are looking to get a low interest loan and have a very good fica credit score/

Unemployment will rise as several payroll companies record a rise in cut jobs. It seems that the recession will take a lot longer to recover than expected.

 

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