EROTF - Fed Day May, 04 2022 07:59 AM Barclays PLC iPath EUR/USD Exchange Rate ETN With Japanese markets closed until Friday, the dollar is consolidating in a narrow range against the yen. The euro is holding above $1.05 today but is well below yesterday's $1.0580 high. There is near-universal consensus that the Federal Reserve will hike the Fed funds target to 0.75%-1.00% with a 50 bp hike. For further details see: Fed Day