Singapore, September 08 (QNA) - The US dollar declined on Tuesday as markets await Consumer Price Index data this week. Meanwhile, the Japanese yen climbed to fresh seven-month highs against the US dollar, as traders continued to unwind short positions amid growing bets of a Bank of Japan interest-rate hike.

The dollar index, which measures the US dollar against a basket of currencies, was weaker at 98.83 amid yen strength.

The yen strengthened ‌to as ⁠much as ⁠153.53 per dollar in morning trading, surpassing levels reached during Japan's July intervention and hitting its strongest since February.

The euro and sterling are both 0.06% stronger, settling at $1.1628 and $1.3549, respectively.

The New Zealand dollar was 0.1% stronger at $0.5882, while the Australian dollar was flat at $0.7219.

China's offshore yuan was flat near a three and a half years-high at 6.708 per dollar. (QNA)