ForexLive North American wrap: No conviction, no direction

Lagarde: global growth 'a but weaker' than July estimate Lagarde hints at more time for Greece Azumi to step down as finance minister Fed's Williams says right now 6% unemployment consistent with mandate Williams: Fed could buy more (buy 'em all Johnny!) BOC's Carney: China will continue slowing Chicago Fed nat'l activity index at lowest since 2009 Merkel meeting Draghi tomorrow, Lagarde Wednesday Fin FinMin won't speculate on ESM leverage Italy FinMin: No new austerity Dallas Fed manufacturing index -0.9 vs -1.4 exp Citi still sees 90% chance of Grexit Goldman sees 33% chance of fiscal cliff; Morgan Stanley sees QE4 S&P 500 -0.2% to 1457 JPY leads, NZD lags The euro hit a session low at 1.2891 (an 11-day low) at the start of US trading and then recovered to 1.2836, which was one pip above the early high. Overall, a 40 pip range and no action when either extreme was tested. USD/JPY bled to the lowest since Sept 13. Some stops were tripped below 78.00 after the Azumi reports. The thinking being that the changes will render the MoF less likely to intervene for the moment. Bids 77.70/50. USD/CAD ticked one pip above Friday's high of 0.9817 but the buyers quickly dried up and the pair fell back to 0.9784. Oil as low as $91.07 but bounced almost a dollar. Overall, not much news to chew on and not much action.