German Unemployment Rate steadies at 5.5% in January vs. 5.5% expected
- German Unemployment Rate held steady at 5.5% in January.
- Despite the mixed German jobs data, EUR/USD is holding higher ground near 1.0650.
Germany’s Unemployment Rate stood unchanged at 5.5% in January, the latest data published by Destatis showed on Wednesday. The market consensus was for a 5.5% reading.
The Unemployment Change arrived at 2K in January, rebounding from December’s drop of 15K while way below the market expectations of 19K.
Market reaction
The EUR/USD pair remains elavated near-daily highs after the data, last seen trading at 1.0647. The pair is gaining 0.67% so far.