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Germany: Unemployment Rate unchanged at 6.7% in October

FXStreet (Łódź) - Unemployment in Germany fell by 22.000 during October, following a 9.000 rise the previous month, the Bundesagentur für Arbeit informed today. Economists had forecast a 5.000 increase.

The unemployment rate remained unchanged at 6.7%, as expected.

Germany Unemployment Change came in at -22K, below expectations (5K) in October

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Immediate EUR/USD pressure is on the downside - UOB Group

The Market Strategy Team at UOB Group suggest that EUR/USD weakness should continue in the nearest future.
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