Can balance level reporting currencies be used with ledger sets for consolidation?

Hello Community.  We will be creating a new primary ledger in EUR currency for one of our subsidiaries with a USD balance level reporting currency.  We will then be running Translation every month on the balances in order to consolidate with our other USD ledgers.  However, the balance level reporting currency is not available when attempting to add that in our consolidated ledger set.  How do you include that in your reporting?  We wanted to use ledger sets with FSG's and other reports and do NOT want to run the Consolidation program. 

Thanks in advance.