Australian dollar gains
At 0630 AEST on Wednesday, the local unit was worth 74.67 US cents, up from 74.38 US cents on Tuesday.
The move came after Ms Brainard said soft inflation may yet make her reassess monetary policy.
Brainard added she still anticipates a US rate rise soon.
The local currency was stronger against the yen, but down against the strengthening euro.
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