Australian Dollar Battles Adverse Fundamentals

The Australian dollar was flat against its US peer and rose versus the Japanese yen. The general positive market sentiment helped the currency to battle negative domestic fundamentals.
The Australian currency was under pressure ahead of tomorrow’s speech of Reserve Bank of Australia Deputy Governor Philip Lowe. Traders were worried about potential interest rate cut as well as prospects for intervention from the central bank. Yet the risk-positive sentiment, caused by the deal between Iran and world powers, helped the Aussie to shrug off adverse fundamentals.
AUD/USD traded at 0.9154, near its opening level of 0.9161, as of 18:05 GMT today. AUD/JPY rose from 92.80 to 93.09.

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