NY opened near 0.6730 after 0.6702 traded overnight, rally extended

Fed Chair Powell said time has come for policy to adjust

Also said Fed doesn't seek or welcome further cooling in labor market

US yields US2YT=RR, US$ fell sharply; USD/CNH traded down to 7.1155

Commodities HGv1XAU=, equities ESv1 rallied; drove risk-on

AUD/USD hit a fresh 1-1/2-month high, traded above 0.6790

Pair sat near July's monthly high, was up +1.3% late in the session

Rising RSIs, August monthly bull hammer give techs a bullish lean

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