⁍ The dollar clung to small gains on Tuesday as the greenback’s safe-haven appeal was burnished by worries about a second wave of COVID-19.

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⁍ The United States, Russia and France all hit new daily records for coronavirus infections.

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⁍ The yuan nursed a 0.5% loss as Sino-U.S. tensions flared over arms sales to Taiwan.

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– With a week to go until Election Day, investors are keeping a close eye on China’s Communist Party leaders as they meet in Beijing to set the next five-year plan, as well as on US arms sales to Taiwan. China on Monday announced it will impose sanctions on Lockheed Martin, Boeing Defense, and Raytheon after the US sold arms to Taiwan, Reuters reports. China’s Commerce Ministry said the US sold the weapons to Taiwan in violation of a deal reached in 2015 that allowed the US to sell weapons to Taiwan without going through Beijing’s approval. China’s official news agency Xinhua said the arms sales were in line with Beijing’s “Belt and Road” initiative, which aims to promote free trade between the world’s two biggest economies. The Commerce Ministry said the sale was made in accordance with the 1982 US Arms Control Act, which allowed the US to sell arms to Taiwan without going through Beijing’s approval. China’s official news agency said the arms sales were in line with the country’s “Belt and Road” initiative, which aims to promote free trade between the world’s two biggest economies. China’s Commerce Ministry said the sale was in accordance with the 1982 US Arms Control Act, which allowed the US to sell arms to Taiwan without going through Beijing’s approval. The US has sold arms to Taiwan 11 times since 2000.