Yuan rises as Bernanke defends QE

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
The Chinese Yuan strengthened for a fourth straight day as the Fed Chairman Ben S. Bernanke defended the bank's highly accommodative monetary policy that increases supply of U.S. Dollars, boosting demand for emerging-market assets. The currency rose 0.04% to 6.2272 per greenback at 9:56 a.m. in Shanghai. It fetched 6.2269 earlier, the highest level since February 8.
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