ForexLive North American wrap: No hint at imminent easing from Bernanke

No clear signals Bernanke ready to ease more Bernanke: Fed has looked at range of tools, haven't come to a choice Bank of Canada holds at 1.00%, keeps hawkish bias US June CPI +1.7% y/y vs +1.6% y/y exp NAHB housing index 35 vs 30 exp Finland strikes collateral deal with Spain Greece seeks bridge loan to pay bond redemption Bank of Italy sees 2% GDP contraction in 2012 Monti worried about Sicilian default Canada manufacturing sales -0.4% vs +0.6% expected Fed's Pianalto: Additional action warranted if weak data persists S&P 500 gains 0.7% to 1363 AUD leads, JPY lags The market kicked and screamed when Bernanke didn't arrive for Humphrey Hawkins with a blank cheque. The US dollar rallied and the euro took the brunt, falling below 1.2200. A sober second assessment revealed that Bernanke remains prepared to roll out QE3, it just might take a few more bad data points. EUR/USD has been rallying since, up to 1.2294. USD/JPY was locked around 79.00. The range was 78.93 to 79.13. Large whipsaws in most pairs and gold on strong USD buying after Bernanke with 50-100 pip reversals all around.