Session Recap: USD slightly lower; Oil at weekly lows

FXstreet.com (Barcelona) - Another quiet session in the Asia-Pacific for USD with almost no risk events taking place, and EUR/USD last little changed from NY close barely above the 1.32 handle, AUD/USD at 0.9152, and USD/JPY at 100.15, ahead of German Ifo at 08:00 GMT.

Commodities overall keep showing signs of weakness with precious metals near session lows and Oil below the $105 mark for the first time in the week. Soft commodities such as corn or soy beans are currently plummeting to fresh multi-week lows.

Local share markets are in the light red all over the Asia-Pacific, with Korean Kospi and the Shanghai index still trying to break even, while the Nikkei index is down -0.41%. The RBNZ left interst rates unchanged at 2.5% and signaling end to record low interest rates for 2014.

Main headlines in the Asian Session:

New Zealand RBNZ Interest Rate Decision flat at 2.5% in July 25

AUD/NZD plunges to 5-year lows on RBNZ decision

China Securities Journal: China won’t lift deposit rate limit in 2013, 2014

Japan press: Business leaders back sales tax increase

Japanese net sellers of foreign stocks

Flash: US debt ceiling debate back on radar – Deutsche Bank