This is what the ECB and euro CBs are up against to fulfill A-E Prichard's understanding of "price stability"

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Euro Tumbles Produce Volatility and Trading Opportunities | Daily FX

n reaction to the news, the Euro initially slipped, but given the immense amount of negative sentiment around the globe today, the data market the bottom for the day thus far. The EURUSD rebounded from just under 1.2085 to as high as 1.2128 in the hour or so after the release. The EURUSD touched its lowest exchange rate since June 2010, and with no new measures expected out of Europe in the days ahead as well as a worsening situation in Greece, the EURUSD looks primed to decline below 1.1900 by the end of August.

Euro Rebounds Off of Lows Despite Lowest Confidence in Three Years | 1-minute chart | Daily FX
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Sterling down on euro zone woes as dollar shines
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