German Unemployment Rate rises to 5.6% in November vs. 5.5% expected
|- German Unemployment Rate rose slightly to 5.6% in November.
- EUR/USD holds higher ground at around 1.0370 after the downbeat German data.
Germany’s Unemployment Rate came in slightly higher at 5.6% in November, the latest data published by Destatis showed on Wednesday. The market consensus was for a 5.5% reading.
The Unemployment Change arrived at 17K in the reported period, up from 8K in August and against expectations of 13K.
Market reaction
The EUR/USD pair remains elavated near-daily highs after the data, last seen trading at 1.0370, adding 0.41% on a daily basis.
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