EUR/USD holds a narrow range after failing to test the 2018-low (1.1216), and the exchange rate may continue to consolidate ahead of the U.S. Non-Farm Payrolls (NFP) report as Federal Reserve officials strike a less-hawkish forward-guidance for monetary policy. Even though the Federal Open Market Committee (FOMC) is widely expected to deliver a 25bp rate-hike later this month, recent comments from Fed Chairman Jerome Powell appear to be swaying the monetary policy outlook as the central bank head shows little interest in extended hiking-cycle. Moreover, New York Fed President John Williams, a permanent voting-member ... (full story)