The dollar held onto gains against most currencies as signs of an economic slowdown in Europe and in the U.S. revived concerns about the fallout from a second wave of coronavirus infections.

The U.S. dollar held onto gains against major currencies on Wednesday, supported by positive U.S. economic data and concerns about a second wave of coronavirus infections in Europe and Britain.

The dollar rose held on to sharp gains on Tuesday after prospect of new lockdown fears and worries over delays in fresh U.S. stimulus drove a wave of selling in just about every other asset market.

The dollar slipped and yen,yuan led Asia’s currencies a little higher on Monday, as investors looked ahead to a slew of U.S. Federal Reserve speakers this week and to a decision on the inclusion of Chinese government bonds in a global index.

The dollar was steady in early Asia trading on Friday after falling overnight as downbeat U.S. data cast a shadow over the economic outlook. Central bankers globally pledges to do whatever it takes to support the economic recovery.

The dollar edged up against major currencies on Thursday following the U.S. Federal Reserve’s upbeat assessment of the economic recovery and as its increased tolerance for higher inflation push bond yields higher.

The dollar dipped against riskier currencies on Tuesday as hopes for a COVID-19 vaccine and big corporate deals improved investor appetite for assets such as the yuan and the euro. Later this week, investors will focus on the Federal Reserve’s last policy meeting before the Nov. 3 U.S. presidential elections.

The British pound flirted with a 1 1/2-month low against the dollar on Monday on fears about no-deal Brexit while investors waited for Japan’s ruling party to choose a successor to Prime Minister Shinzo Abe.

The dollar hold on to overnight gains on Friday after a rout in stocks sent nervous investors to its safety. Sterling set for its worst week since March as British plans to break a divorce treaty with Europe over a no-deal Brexit.

The euro held onto gains against the dollar on Thursday as traders braced for a ECB meeting to gauge policymakers’ views on the common currency’s recent appreciation and its impact on inflation.

The dollar found support on Wednesday as a stock market slide spooked investors into selling riskier currencies, while worries about Brexit negotiation pushed the pound down to a new six-week low.

The dollar held on to small overnight gains on Tuesday as investors weighed whether an accommodative turn from the European Central Bank later this week could hit the euro. The pound nursed losses due to Brexit uncertainty.