AUD/USD has traded a 30 pip range since 0500 GMT; 0.6895-0.6925

Risk-sensitive AUD supported by SGX iron ore rise beyond $120 a tonne

See: nL1N33W0CD. Iron ore is Australia's biggest export earner

0.6860 was Tuesday's low (pre-Powell) vs 19-week high of 0.6950 Monday

Rise to 0.6950 spurred by dovish shift in Fed expectations on soft U.S. data

Australian inflation resumes climb nL1N33W023. U.S. CPI data due Thursday