FXstreet.com (Buenos Aires) - Dollar enters Asia slightly bullish across the board, consolidating close to daily highs as risk aversion returned to markets, mounted on recent negative U.S. indicators for housing, consumption and employment. Thus generally market tends to consolidate in tight ranges before U.S. Payrolls, local share markets will likely fell sharply following Wall Street, pushing dollar and yen higher against in the next hours.
Also supporting greenback, is gold falling back under 1.000/oz level, still not changing bias, and some euro zone officials starting talking EUR down ahead of G7 meeting. EUR/USD consolidates around 1.4530, very close to 1.4510 key support area. Confirmations under that level will likely push the pair down close to next key support at 1.4440.
GBP/USD hovering around 1.5920, with immediate support around 1.5870, ahead of stronger 1.5820 area; Pound remains weak and with a more clear bearish perspective against major rivals, so expect EUR/GBP to resume uptrend, as long as above strong support of 0.9080.