ForexLive North American wrap: Mixed messages ahead of payrolls

ISM non-manufacturing index 53.5 vs 55.3 exp Initial jobless claims 365K vs 379K exp Draghi: Sees inflation risks as broadly balanced, outlook more uncertain Draghi: No mention of rate cuts in press conference Polls put Hollande at 53%, Sarkozy 47% Rumors of Spanish bad bank announcement on Friday But Spain's de Guindos offers no hint of bad bank plan WSJ: Greek politicians may call 2nd election if weak coalition develops Fitch: If Greece leaves EZ, you're all on notice Fed's Williams: Not in favor of QE at the moment USD leads, NZD lags on day S&P 500 falls 0.8% to 1391 WTI crude -$2.61 to $102.61 EUR/USD plunged below 1.31 on the jobless claims data and the start of the ECB press conference but bounced back immediately, eventually hitting 1.3180 as Draghi was less-dovish than expected. USD/JPY was at a session high of 80.55 shortly before the ISM numbers but fell to 80.24 afterwards. There was a small recovery into the European close but late selling resumed, knocking the pair down to 80.18. Commodity currencies sank steadily throughout US trading as risk aversion picked up in pre-NFP trading.