- Unemployment Rate in Germany rose unexpectedly in June.
- EUR/USD continues to commerce close to the 1.0450 space after the information.
The Unemployment Rate in Germany rose to 5.3% in June from 5% in May, the information printed by Germany’s Destatis confirmed on Thursday. This print got here in worse than the market expectation of 5%.
In the identical interval, the variety of unemployed elevated by 133,000, lacking analysts’ estimate for a lower of 6,000 by a large margin.
Market response
The EUR/USD pair is struggling to stage a decisive rebound after this report and was final seen buying and selling flat on the day at 1.0443.
Unemployment Rate rises to 5.3% in June vs. 5% expected & More Latest News Update
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