ForexLive North American wrap: Juncker tips the nod to Greece

Juncker: Greece has met the conditions for aid Schaeuble: Greek bailout still depends on PSI Venizelos expecting strong participation in PSI US Jan PCE inflation +2.4% vs +2.3% exp Personal income +0.3% vs +0.5% exp Personal spending +0.2% vs +0.4% exp Initial jobless claims 351K vs 355K exp ISM manufacturing 52.4 vs 54.5 exp Bernanke wraps up Humfrey Hawkins - highlights Axel Weber says euro to weaken Fed's Raskin: balance sheet reduction unlikely before 2015 Handelsblatt: German EcoMin says increasing firewall "not up for debate" IMF: European crisis averted but sovereign stresses remain Spain backtracks on deficit targets Fed's Lockhart: US economy gaining strength Van Romput re-elected as EC leader US 5-year yields hit highest of 2012 European periphery yields down sharply WTI hits $110 on reports of Saudi pipeline explosion S&P 500 up 0.6% to 1374 AUD leads, CHF lags EUR/USD opened at 1.3325 in NY but  fell below 1.33 and below the 100 dma to 1.3282 early in US trading after the disappointing PCE data and 'no default' decision from the ISDA. It recovered to 1.3335 but fell back to 1.3305 on the soft ISM numbers. Afternoon trading slowed, leaving it at 1.3310. USD/JPY ran up to 81.30 in anticipation of a strong ISM reading but stumbled back to 80.95 afterwards then consolidated around 81.10 in the afternoon. Cable fell as low as 1.5927 post-ISM but bounced to 1.5975, then slowly tracked to 1.5945/50. Commodity currencies rode high into NY trading and AUD/USD continued to stride higher to above 1.08. USD/CAD narrowly took out yesterday's lows, touching a fresh low since Sept.