New york: The dollar got a lift from elevated US Treasury yields on Thursday as investors wagered the Federal Reserve would hike rates this year, while an impasse between the US and Iran over the war in the Middle East drove more safe-haven flows.

According to Qatar News Agency, ahead of the US-China meeting, the offshore yuan held at a more than three-year high and was last little changed at 6.7860 per dollar. The euro remained little changed at $1.1716 and is on track to lose 0.57% for the week, marking its largest decline in two months, while Sterling last bought $1.3527.

Against a basket of currencies, the US dollar was last at 98.46, up 0.63% for the week thus far. It fell against the yen to 157.83, as traders remained vigilant for any signs of intervention from Japanese authorities to support the struggling currency.

In other currencies, the Australian dollar reached a four-year peak, last buying $0.7255. The New Zealand dollar saw a slight decrease of 0.04% to $0.5933.