Five minutes before 10:00 German Destatis published the latest calculations of the labor market. The data on the unemployment rate positively surprised. How to better data from Germany reacts euro?


In December 2016, approximately 43.5 million people permanently residing in Germany had a permanent job. Comparing the most recent data to those reported a year ago should be noted the increase in total employment of 238 thousand -was said in recent publication of the German statistical office.

At the end of January this year work found another 26,000 people which meant that at the beginning of 2017 the unemployment rate in Germany fell to 5.9%. Forecasts indicator assumed no change and maintain the rate at 6%. This means that without a job in Germany is 1.54 million people which is a value of 162 thousand. (Or 9.9%) lower than that reported a year ago.

How reacts EUR?

EUR/USD

EUR / USD has remained within the range of variation from the night. Shortly before the publication Destatis EUR grows clearly, going back here after the publication of the report.

EUR/GBP

Pair is maintained in the range of 0.8545 / 75. As in the case of EUR / USD, also for EUR / GBP we had to deal with stronger increases at the beginning of the European session, which are now corrected.
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