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* 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.

* Russia's economy has avoided the meltdown many predicted after Moscow sent its forces into Ukraine six months ago, with higher prices for its oil exports cushioning the impact of Western sanctions, but hardships are emerging for some Russians.

* The U.S. dollar pushed higher Tuesday ahead of the central bank's key Jackson Hole symposium later this week, while the euro fell to two-decade lows as Europe’s energy woes deepened.

* 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.

* China’s central bank has space to cut its main interest rates by as much as 50 basis points over the next year if repeated Covid outbreaks continue to drag on the economy, according to a former adviser at the regulator.

Inference

Sell below 79.36 Target 78.64 SL 79.94

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