The number of people unemployed in Germany fell more-than-expected last month, official data showed on Wednesday. In a report, Destatis said that German unemployment change fell to a seasonally adjusted -7K, from -8K in the preceding month whose figure was revised down from -7K. Analysts had expected German unemployment change to fall -5K last month.
The rate of unemployment in Germany remained unchanged last month. In a report, German Federal Statistical Office said that German unemployment rate remained unchanged at a seasonally adjusted 6.1%, from 6.1% in the preceding month. Analysts had expected German unemployment rate to remain unchanged at 6.1% last month.
Euro is currently being traded around 1.1140 area. Pair is likely to find support around 1.11 handle and resistance above 1.1180 level.
Last modified on Wednesday, 31 August 2016
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