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* The dollar gained against a basket of currencies on Wednesday, holding near a 20-year high as investors waited for a Friday speech by the Federal Reserve chairman for fresh clues on how aggressive the central bank will be in its battle against inflation.

* The U.S. dollar edged higher in early European trade Wednesday after more hawkish Fed comments, while the euro continued to languish below parity. At 03:15 ET (07:15 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher to 108.623.

*  The dollar edged back from a fresh two-decade high against the euro on Tuesday after data showed U.S. private sector activity was weaker than expected in August, prompting bets the Federal Reserve may be less aggressive in its rate hiking cycle. ? Asian currencies moved little on Tuesday as investors weighed potential risks from a hawkish Federal Reserve and strong dollar, while the Singapore dollar inched up ahead of key inflation data due later in the day

Inference

Actual' greater than 'Forecast' is good for currency;

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