Germany Unemployment comes in at 2.993M against 2.973M consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
Germany’s latest unemployment figures show the number of unemployed individuals at 2.993 million. This figure came in above the consensus expectation of 2.973 million, representing a 0.7% surprise. The previous month’s reading was 2.984 million.
Following the release, the Euro saw varied movements against major currencies. EURAUD was up 2.4 pips 15 minutes after the release, while EURCAD was down 8.1 pips. EURCHF traded up 4.1 pips, and EURGBP was nearly flat, up 0.1 pips. EURJPY saw a 0.9 pip gain, and EURNZD was up 0.3 pips. EURUSD moved down 7.4 pips in the 15 minutes following the data. These initial movements are generally smaller than the median 1-hour moves observed after past releases, which typically range from 5 pips for EURCHF to 13 pips for EURNZD.