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The Japanese yen held gains against the dollar on Friday, as fresh doubts about the scale of the coronavirus outbreak supported demand for safe-haven currencies.

The Chinese yuan nursed losses as the flu-like virus, which emerged late last year in China's central Hubei province, cast a deeper shadow over the economic outlook.

The euro languished at multi-year lows versus the dollar and the Swiss franc as investors grow more pessimistic about the outlook in the common currency bloc before the release of gross domestic product data later on Friday.

In contrast, the pound rode a wave of optimism on hopes that a British cabinet reshuffle will lead to more expansionary fiscal policy to support growth.

Officials in Hubei rattled financial markets on Thursday by announcing a sharp increase in new infections and deaths from the coronavirus, reflecting the adoption of a new method to diagnose the illness. about the real extent of the epidemic is likely to discourage investors from taking on excessive risk until there is sufficient evidence that its spread has slowed.

"There is a return of risk aversion, so yen and other safe-haven assets have risen, but reaction so far has been temporary and limited," said Masafumi Yamamoto, chief currency strategist at Mizuho Securities in Tokyo.

"The change of reporting standards in China is a concern. There is a fear that China is still hiding something."

The yen JPY=EBS edged up to 109.80 per dollar in Asia on Friday, following a 0.25% gain the previous session.

In the onshore market, the yuan CNY=CFXS slipped 0.06% to 6.9818 per dollar, while its offshore counterpart CNH=D3 eased slightly to 6.9853, following a 0.2% decline on Thursday.

Hubei officials on Friday reported 4,823 new cases and 116 new deaths as of Feb. 13, but investors were still reeling after the province reported 14,840 new cases and a record daily increase in deaths on Thursday, using new diagnostic methods to reclassify a backlog of cases. economy will grow at its slowest rate since the financial crisis in the current quarter, according to a Reuters poll of economists who said the downturn will be short-lived if the outbreak is contained. coronavirus was first detected in Hubei's capital Wuhan and has so far claimed more than 1,300 lives in China and spread to 24 other countries.

The euro EUR=EBS fell 0.1% to $1.0834, the lowest since April 2017, as investors braced for the release of GDP data from Germany and the euro zone later on Friday.

The single currency EURCHF=EBS was quoted at 1.0619 Swiss francs, close to the lowest since August 2015. The euro EURGBP=D3 eased slightly to 83.07 pence, close to the weakest since December.

Sentiment for the euro worsened after data earlier this weak showing a plunge in euro zone manufacturing output reinforced expectations that monetary policy will remain accommodative. pound GBP=D3 was little changed at $1.3046 following a 0.64% gain on Thursday due to expectations that British Prime Minister Boris Johnson's appointment of a new finance minister will lead to more fiscal spending to help Britain weather its transition away from the European Union.

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 Euro weakest since April 2017 on growth concerns

* Dollar finds more buyers amid coronavirus worries

* Yen, Swiss franc well supported as investors stay nervous

The euro eased to another nearly three-year low on Friday as investors worried about slowing growth momentum in the euro zone ahead of an estimate of how its economy performed in the fourth quarter.

The European single currency has lost 1% so far this week and is on track for its worst two-week performance since mid-2018. Fourth-quarter gross domestic product data is due at 1000 GMT - economists polled by Reuters expect 0.1% quarter-on-quarter growth, the same as the previous 3-month period.

"The bearish trend on EUR/USD may continue today as growth data out of the euro zone are quite unlikely to improve the grim economic outlook for the area," ING analysts said in a note.

"At this stage, with worries around the negative impacts of coronavirus on the euro zone economy, even some better-than-expected data may not be enough to trigger an inversion in the bearish EUR trend."

The euro fell to $1.0827 EUR=EBS overnight before settling at $1.0841, down marginally on the day.

The single currency has been buffeted by signs of a slowdown in powerhouse Germany and ongoing demand for dollars. Against the Swiss franc, the euro weakened to another 4-1/2 year low of 1.060 francs EURCHF=EBS . about the extent of the coronavirus in China after officials in Hubei announced a sharp increase in new infections and deaths has kept both the safe-haven yen and the dollar well supported. dollar index .DXY ., which measures the currency against a basket of rivals, rose to its strongest since October. It has risen 0.4% this week - on top of gains of 1.3% last week.

As well as euro zone data, traders are also waiting for a batch of U.S. data later in the day including retail sales and industrial production numbers.

The yen JPY=EBS edged up to 109.77 per dollar on Friday, following a 0.25% gain the previous session.

In the onshore market, China's yuan CNY=CFXS slipped 0.06% to 6.9818 per dollar, while its offshore counterpart CNH=EBS clawed back earlier losses and was last at 6.985, following a 0.2% decline on Thursday.

Uncertainty about the real extent of the epidemic is likely to discourage investors from taking on excessive risk until there is sufficient evidence that its spread has slowed.

"There is a return of risk aversion, so yen and other safe-haven assets have risen, but reaction so far has been temporary and limited," said Masafumi Yamamoto, chief currency strategist at Mizuho Securities in Tokyo.

Sterling consolidated gains around the $1.3060 mark GBP=D3 after jumping on Thursday when the announcement of a new British finance minister, an ultra-loyalist to Prime Minister Boris Johnson, raised expectations that the upcoming budget would increase public spending to boost the economy following Britain's Jan. 31 withdrawal from the European Union.

Against the euro, the pound rose 0.1% to 82.995 pence EURGBP=D3 , close to a 2-month high.

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Vietnam is seeking to boost its farm produce exports to India to alleviate the impact of the coronavirus on the Southeast Asian country's trade with China, its largest trading partner.

Vietnam has asked India to reduce trade barriers on its exports, such as black pepper and cashew nuts, the Ministry of Industry and Trade said on Friday.

"Vietnam and India have room to significantly increase bilateral trade," the ministry said in a statement, adding that the two countries target to raise trade to $15 billion from $11.3 billion last year.

The statement comes amid a visit by Vietnam deputy trade minister Cao Quoc Hung to India "to boost bilateral trade and discuss measures to tackle difficulties faced by Vietnam's farm produce exports due to the disease outbreak in China."

The ministry said Vietnam also wants to boost sales of other products, including fresh fruits and farmed fish, to India. China has been its largest market for these products.

Trade between Vietnam and China, where more than 1,400 people have died from the virus, is expected to be severely hit by travel curbs and closure of borders over virus concerns.

Vietnam moved to quarantine a community of 10,000 people near the capital on Thursday as the number of coronavirus cases rose to 16.