Germany: Unemployment Rate stays unchanged at 5.5% in September as expected

Unemployment Rate in Germany held steady at 5.5% in September.
EUR/USD trades in positive territory above 0.9800 after the data.

Eren Sengezer FXStreet

The data published by Destatis showed on Friday that the Unemployment Rate in Germany stayed unchanged at 5.5% in September as expected.

Further details of the report revealed that the Unemployment Change was up 14K in the same period, down from 28K in August and below the market consensus of 20K.

Market reaction

The EUR/USD pair preserves its bullish momentum after these data and was last seen trading at 0.9843, where it was up 0.3% on a daily basis.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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