ForexLive North American wrap: Jobless claims in a rut

US initial jobless claims 388K vs 375K exp Dutch government agrees on 2013 budget Nikkei: BOJ expected to announce 5 trillion in QE US March pending home sales +10.8% vs +7.3% exp KC Fed +3 vs +7 exp German HICP 2.2% y/y as expected Troika report says Ireland on right track Ireland says will return to bond market in the summer Foreigners offload Italy debt ECB's Knot: Problems will persist S&P 500 gains 0.7% to 1400 Yen leads, CAD lags EUR/USD hit a session low of 1.3198 shortly afer the open when jobless claims missed for the 10th week in a row. The pair moved sideways until pending homes sales sparked a turnaround in sentiment and sent it to 1.3255. The Dutch news helped the euro as well. Cable was unable to break above the European high of 1.6207 and chopped sideways, last at 1.6193. USD/JPY fell in the early going on US QE worries and then rebounded to 81.00 on Japanese QE worries. USD/CAD fell to a freash 7-month low of 0.9805 but was unable to stay down and crept back to 0.9839. The gold bugs were loving the QE talk and bid it up $13 to $1656.