© Reuters. FILE PHOTO: A U.S. one dollar banknote is seen in this illustration taken November 23, 2021. REUTERS/Murad Sezer/Illustration/File Photo
By Saqib Iqbal Ahmed
NEW YORK (Reuters) – The dollar edged higher against a basket of currencies on Thursday, but its gains were capped as easing fears of fallout from the Omicron coronavirus variant supported higher risk currencies such as the Australian dollar and British pound.
Ahead of the holidays and extended long weekend in the United States, most major currency pairs clung to narrow ranges.
“We think the majors are liable to remain more or less range bound over the holidays,” Shaun Osborne, chief FX strategist at Scotiabank, said in a note.
The , which measures the greenback against six major peers, was up 0.07% at 96.174. The index remains close to the 16-month high hit late…