Wed, 09 Oct 2013 07:06:03 GMT
Greenback rises versus Yen as Yellen is set to replace Bernanke
The U.S. Dollar strengthened on Wednesday rising against the Japanese Yen as President Barack Obama picked Janet Yellen as a replacement of Ben Bernanke as the Federal Reserve Vice Chairwoman, however, the persisting deadlock kept the so-called Greenback close its 8-month low. The U.S. Dollar advanced 0.4% to 97.22 Yen after it recorded the lowest level in 2 months yesterday