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Currency Markets Subdued Amid Oil Price Spike Shock

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Singapore, September 10 (QNA) - Currency markets remained calm in cautious trading on Thursday as investors weighed a fresh surge in oil prices and global bond yields, while the yen's powerful rally also took a breather ahead of US Producer Price Index (PPI) and inflation readings.
The dollar index, which measures the dollar against a basket of currencies, was last traded at 98.81, inching away from a three-week low.
The dollar found some marginal support, leaving the euro and sterling pound slightly weaker at $1.1633 and $1.3547, with the yen traded a shade weaker at 153.70 per dollar.
The New Zealand dollar was 0.2% stronger at $0.5848, while the Australian dollar was flat at $0.7215.
China's offshore yuan was flat at 6.705 per dollar, hovering near its strongest level in nearly four years. (QNA)

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