Session Recap: USD recovers; Gold shoots above $1250

FXstreet.com (Barcelona) - The USD managed to hold ground above the 84.20 mark for the spot index DXY, taking EUR/USD to fresh session lows at 1.2846, AUD/USD at 0.9082, and GBP/USD to 1.4919. USD/JPY printed session highs at 101.24.

Better than expected China CPI showing an increase of +2.7% above the consensus of +2.5%, helped the USD run higher, while local share markets maintained a positive bid tone. Nikkei index is last trading a +1.15% higher.

Gold spiked above the $1250 mark, while Silver did so above the $19 handle, with Oil capped below the $103 figure, all helped on US Treasury yields easing a bit, the 10 year down to 2.64%.

Main headlines in the Asian Session:

Troika approves next disbursment to Greece

Beijing eases entry for foreign banks

Japan plans to raise minimum wage by more than 2%, Sankei says

United Kingdom: RICS Housing Price Balance (June): 21% vs 5%

Inflation picks up in China

AUD/USD at day lows, Aus business conditions priced in

Lagarde: Greece on the road to recovery

NZ’s English: NZ Government on course for 2014/15 surplus