AUD/USD rises to 0.6990 as European share gains buoy risk-sensitive AUD

0.6990 = fractionally fresh intra-week high (0.6989 was Tuesday's top)

Retreat from Tuesday peak (scaled as Powell spoke) based just shy of 0.6900

0.6856 was four-week low Monday, before RBA's hawkish 25 bps hike lifted AUD

RBA's quarterly Statement on Monetary Policy due Friday (11.30am AEDT)

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