European session: the euro retreated from reached high

Data:

07:00 Germany CPI, m/m (finally) January -0.4% -0.4% -0.4%

07:00 Germany CPI, y/y (finally) January +2.0% +2.0% +2.1%

07:45 France Industrial Production, m/m December +1.1% -0.8% -1.4%

07:45 France Industrial Production, y/y December +0.9% -0.6% -1.3%

08:15 Switzerland Consumer Price Index (MoM) January -0.2% -0.3% -0.4%

08:15 Switzerland Consumer Price Index (YoY) January -0.7% -0.7% -0.8%

09:30 United Kingdom Producer Price Index - Input (MoM) January -0.6% +0.4% +0.5%

09:30 United Kingdom Producer Price Index - Input (YoY) January +8.7% +6.8% +7.0%

09:30 United Kingdom Producer Price Index - Output (MoM) January -0.2% +0.2% +0.5%

09:30 United Kingdom Producer Price Index - Output (YoY) January +4.8% +3.7% +4.1%

The Euro slid after the leader of one of the Greek government’s supporting parties said he couldn’t support an austerity accord needed to secure the bailout.

Greek Finance Minister Evangelos Venizelos said his euro- area counterparts refused to approve a 130 billion-euro aid package because the government fell short of austerity demands. George Karatzaferis, the leader of Greece’s Laos party, said he couldn’t support an accord on cuts in its present form.

Greece is missing its debt-cutting targets and may fall short of its intended debt-to-gross-domestic product ratio, German Finance Minister Wolfgang Schaeuble told lawmakers in Berlin today, according to two people who took part in the meeting. Germany’s lower house of parliament, the Bundestag, will vote on a second Greek aid package on Feb. 27.

The greenback strengthened  as stocks slid.

EUR/USD: the pair receded from the reached high, showed low below $1,3200.

GBP/USD: the pair returned below $1,5800.