We have almost a full trading day to go before the employment report hits the tap at 13:30 GMT tomorrow, but the market seems to be in consolidation mode as it waits to see.

US equities have recovered much of yesterday’s late-session swoon but the dollar is not paying much attention.

Central banks have the market locked in a 100-pip range at present between 1.4810 and 1.4910 and it looks as though we may die out somewhere in the middle awaiting data.

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