ForexLive North American wrap: The waiting game

Dallas Fed July manufacturing index -13.2 vs +5.8 in June Spiegel: Rescue plan could drive Europe farther apart Geithner, Schaeuble take note of Euro area safeguards Chicago Fed Midwest manufacturing index rises to 94.1 from 93.0 Deleveraging dragging Europe deeper into recession: S&P World Bank warns on food price volatility ECB bought no bonds last week Italy: We've met 2/3rds of 2012 bond issuance Spain's budget minister says deficit on track S&P 500 down 0.1% to 1385 JPY leads, EUR lags If you missed this one, you didn't miss much. EUR/USD looked like it might get interesting in early US trading, falling to 1.2225 -- the low of the day. It slowly rebounded from there, edging back to 1.2255. Cable held the overnight lows but slipped to 1.5679 in early trading before climbing back to 1.5709. Offers up to 1.5715 remain in place. USD/JPY was moribund after the overnight fall. Last at 78.18. The Australian dollar broke above barriers at 1.05 but there was zero follow-though. USD/CAD nibbled toward parity, last at 1.0020.