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Germany: Unemployment drops by 3K in February

The number of unemployed people in Germany fell by 3K in February, compared with the 14K decline registered the previous month, the Bundesagentur für Arbeit reported on Thursday. Market consensus pointed to slightly more decrease of 5K.

The German seasonally adjusted Unemployment Rate remained unchanged at 6.9%, against expectations of posting 6.8%.

Forex: USD/CHF holds below 0.9300 following German data

The USD/CHF has operated in a narrow 26-pip consolidation Thursday (0.9280-0.9306) despite the release of both Swiss and German data during European trading. After falling from it session highs, the cross has pared its gains to trade negatively at 0.9287/88, losing its grip on the 0.9300 level in these moments.
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Spain Current Account Balance rises to €4.87B in Dec from €1.78B in Nov

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