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.
Access exclusive analysis, locked news and reports with Inside Retail Weekly. Subscribe today and get our premium print publication delivered to your door every week.
The worst case scenario for many retailers came to fruition on Monday afternoon, when Victorian Premier Daniel Andr… https://t.co/zyRB162Yip8 hours ago
Retail in Melbourne to be forced to close from 11:59pm this Wednesday. Contactless click-and-collect and online del… https://t.co/8um79lnp761 day ago