Session Recap: Aussie higher post-RBA; USD awaits US CPI

FXstreet.com (Barcelona) - Another slow session in the Asia-Pacific in terms of EUR/USD that remains unchanged for the week so far last at 1.3070, ahead of German ZEW at 09:00 GMT and US CPI at 12:30 GMT.

AUD/USD instead moved higher following Australian PM Rudd comments on carbon tax and RBA meeting minutes, posting fresh session and weekly highs at 0.9173. USD/JPY eased below the 100 handle printing session lows at 99.63 with Nikkei index still capped below the 14600 points mark, up +0.57% for the day.

Both Oil and Gold retraced from NY closed, last at $1280 and $105.5 respectively, while local share markets are overall in the positive, lead by Shanghai Composite index, up nearly +1%. New Zealand CPI came in slightly lower than expected, keeping inflation in check.

Main headlines in the Asian session:

Nikkei: Still holding below 61.8% fibo

China’s push to expand domestic consumption is encountering obstacles

EUR/USD: Still plenty of big orders either side of 1.30/1.31

New Zealand CPI inflation kept in check

FXCM Reports Record Retail Trading Volume in June 2013

Oil again above the $106 mark

RBA minutes: policy appropriate, Aug cut not as likely

China’s housing demand stays buoyant despite policies