XE Market Analysis: Euro Jumps on Draghi's Stimulus Comments

OVERVIEW The Bank of England tightened its credit rules for banks to cool borrowing, particularly by consumers. The Confederation of British Industry (CBI) said its monthly retail sales balance rose to +12 in June, far exceeding forecasts of +2. U.S house price growth unexpectedly slowed to 5.7% last month. U.S. consumer confidence rose to 118.9 in June, exceeding forecasts for it to decline to 116.0. The IMF cut its U.S. economic growth forecast for this year and said the US Dollar is currently 10-20% overvalued.

Source: XE news feed
XE Market Analysis: Euro Jumps on Draghi’s Stimulus Comments