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

According to Oman 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 relatively stable at $1.1716 and is on track to lose 0.57% for the week, which would mark its largest decline in two months. Meanwhile, 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.

The dollar fell against the yen to 157.83, as traders remained on alert for any signs of intervention from Japanese authorities to prop up the ailing currency. In other currencies, the Australian dollar flirted with a four-year peak and last bought $0.7255. The New Zealand dollar eased 0.04% to $0.5933.