Major currencies consolidating
Major currencies consolidated in today's Asian session ahead of the US unemployment rate that is on queue today with forecasts saying unemployment rose to 9.8%.
So far, the major pairs are narrow trading due to rough technical movements after that the dollar weakened deeply throughout the currencies market in the previous sessions as a new global reserve currency is being discussed between major economies and since the central bank of Australia has unpredictably raised its interest rates on signs of an economic recovery.