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* The dollar hit a three-month month high against a basket of currencies on Tuesday after Federal Reserve Chair Jerome Powell said the U.S. central bank is likely to raise rates more than previously expected and warned that the process of getting inflation back to 2% has "a long way to go."

* The U.S. dollar slipped lower in early European trade Tuesday ahead of a testimony by Federal Reserve Chair Jerome Powell before U.S. Congress, while sterling gained after signs of a resilient housing market.

* Most Asian currencies moved in a tight range on Tuesday as concerns over rising U.S.-China tensions weighed, while the dollar weakened amid some bets that Federal Reserve Chair Jerome Powell will strike a less hawkish note during a testimony later in the day.

* Money managers on Wall Street and in Silicon Valley are learning once again that investing in China can be fraught. The Biden administration is close to completing an executive order that would curb US investment in China’s tech industry, foreshadowing a further slowdown in bets on the world’s second-largest economy.

* China's foreign exchange regulator said on Monday that there is no change in China's policy on cross-border remittance of funds, and it will continue to promote a high-level opening-up to the world.

* Some Chinese companies are holding on to dollar revenues from exports, while others are turning to foreign exchange hedging in anticipation of a fall in the value of the yuan, according to executives, bankers and data analysed by Reuters.

Data inference

* No Major Event.

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