Singapore, October 22 (QNA) - Global currency markets experienced a state of relative stability in the US dollar exchange rate ahead of a series of central bank meetings scheduled for next week.

Sterling pound has hit a one-month high of $1.3409 earlier in the week, supported by hotter-than-expected British inflation data and held at $1.33955.

The Australian dollar, which made a three-week top on Wednesday, is hanging on above 70 US cents at $0.7025, while expectations for a rate hike next week in New Zealand hoisting the currency to a one-month high of $0.5709.

The Canadian dollar was supported near a one-month top of C$1.4032 per dollar.

The euro and yen have settled into tight ranges, with the threat of intervention and prospect of rate hikes holding Japan's currency around 158 to the dollar. (QNA)