Germany’s Unemployment Rate Declined in July

The seasonally adjusted unemployment rate in Germany came in at 6.4% in July vs. 6.5% expected. The figure is better than expected by analysts.

Data released earlier beat expectations with the unemployment change falling by 18k in seasonally adjusted terms compared to estimates of an increase of 43k. The adjusted unemployment rate stood steady at 6.4%.

EUR/USD was not moved by the latest news, and remains steady around 1.1760.