Draghi's overly-optimistic expectations for growth were taken as hawkish by the markets and earlier weakness in Bunds (yields spiking) and strength in EUR (surging to 2-week highs) have continued...

As we noted earelier, speaking at the ECB's annual policy forum, Draghi highlighted a recovering euro zone economy that “the threat of deflation is gone and reflationary forces are at play”
and that that the effects that keep inflation subdued are temporary and
won’t let inflation deviate from its trend over the medium term. but
added that stimulus in the form of the ECB's monetary support was still
needed.

The market broadly interpreted his unexpected comments as opening the
way for the start of tapering even as core inflation readings fail to
reach fresh highs. As Reuters adds, Draghi's comments "sounded to
investors like he was ready to give more ground on German demands that
the ECB get on with starting to reduce the volume of extra euros it is
feeding monthly into the economy."

A 7bps spike in Bund yields has taken out the Fed spike highs...

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And EUR/USD is testing Fed-spike highs...

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Draghi's comments contrasted with a dovish tone he took on Monday,
saying that super low interest rates create jobs, foster growth and
benefit borrowers, while rejecting calls to exit super easy monetary
policy quickly.

We wonder how long before today's comments are also appended with "you misunderstood" jawboning.