EUR/USD grinds chart paper above 1.0800 after Fed fails to spark rate rally

EUR/USD continues to chill after testing above 1.0840 this week.Fedspeak from Fed Chair Powell failed to deliver a dovish-enough stance.US inflation data to be the key print later in the week.EUR/USD continues to settle closer to 1.0800 after a misfire in market expectations of Federal Reserve (Fed) Chairman Jerome Powell’s testimony before US Congress on Tuesday. Despite a head nod to improving inflation figures, the Fed is still leaning firmly in a cautionary stance, pulling the rug from beneath markets that were coiled in anticipation of a tonal shift from Fed policymakers.Forex Today: Focus remains on Powell and FedspeakTraders are battening down the hatches for the wait to key US inflation data prints later in the week, with a smattering of Fed speakers and Fed Chair Powell’s second round of testifying due on Wednesday.US Consumer Price Index (CPI) inflation data slated for Thursday will be the key driver of market volumes in the back half of the trading week. Investors hungry for...