ForexLive North American wrap: Lots of news but nothing new

March ISM non-manufacturing index 56.0 vs 56.8 exp ISM employment 56.7 vs 55.7 prior ADP employment 209K vs 206K exp, prior revised higher ECB's Draghi: upside inflation risks in 2012 but 2013 on target Draghi: Downside economic risks are prevailing Draghi: ECB rate decision unanimous, talk of LTRO exit strategy premature Spanish econ minister: all banks meet capital requirements Fed's Lacker: rates should be hiked in 2013 Monti: Labor deal to be presented imminently Fed's Williams: QE3 not off the table but growing less likely S&P 500 down 1% to 1399 JPY leads, AUD lags The poor Spanish auction led to a slump in Europe but trading was flat in the US. EUR/USD fell to 1.3107 an hour into trading but slowly rebounded from there, edging up to 1.3140 last. USD/JPY was a bit more lively, coming into the session on an upward trajectory, it continued higher as stops were broken at the London fix, up to 82.68 -- about 40 pips above the open. The US afternoon saw a renewed, slow decline to 82.40. The commodity currencies touched recent lows in the early going but moved sideways afterwards. EUR/CHF between 1.2030/40 Gold continued to edge lower, touching $1611 at the lows before a shallow bounce to $1625.