Singapore, May 14 (QNA) - 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.

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 little changed at $1.1716 and is on track to lose 0.57% for the week, which would mark 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 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. (QNA)