• AUD/USD hits 0.7020 intra-day high after extending north from 0.6990

• 0.6990 was late Asia low, as safe-haven USD rose after Iran-US peace talks postponed

• Lift from 0.6990 aided by pre-weekend position adjustments

• Wednesday high was 0.7075 - before USD jumped on Warsh-led Fed's hawkish hold

• 0.6990 is the lowest level since 0.6979 (two-month low last week)

• Australian May CPI and employment data will be released next week

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(Robert Howard is a Reuters market analyst. The views expressed are his own)