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Session Recap: Majors consolidate in ranges

FXstreet.com (Córdoba) – The USD is little changed on the day trading in narrow ranges ahead of a long US holiday weekend.

Despite the heavy load of data published during the European session, the EUR/USD remained virtually unchanged around 1.3230. The eurozone jobless rate stood at 12.1% for the fourth consecutive month, while the flash CPI rate fell to 1.3% from 1.6% in July.

Elsewhere, majors are hovering around their opening levels, with GBP/USD just below 1.5500 and USD/JPY holding just above the 98.00 level. Stocks continue to trade with a slight risk-off tone Friday.

Out of America, markets will receive Canadian …read more