The dollar held onto gains on Thursday as growing concerns about a rise in coronavirus cases underpinned safe-haven demand for the U.S. currency.

The British pound traded in a narrow range before a Bank of England meeting where policymakers are expected to expand quantitative easing in the face of a stuttering economy and rocky trade negotiations with the European Union.

The dollar traded at $1.1240 per euro on Thursday in Asia following a 0.2% gain in the previous session. The greenback bought 0.9489 Swiss franc, holding onto a 0.3% gain on Wednesday.

The yen edged up to 106.81 against the dollar. Sterling inched down to $1.2547, on course for a third day of losses. Against the euro, the pound was little changed at 89.60 pence.

Source : Reuters