Spain Unemployment Change comes in at 19.517K against -50.784K consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
Spain’s Unemployment Change for August 2026 registered an increase of 19.517K. This figure significantly missed the market consensus, which had anticipated a decrease of -50.784K. The actual print also contrasted with the previous month’s decrease of -28.739K. The surprise against consensus stood at 138.4%.
Following the release, the Euro exhibited varied movements against major currencies. Fifteen minutes after the data, EURAUD was down -7.7 pips, EURCAD was down -3.0 pips, and EURNZD was down -6.2 pips. EURCHF gained +1.1 pips, EURGBP was down -0.3 pips, EURJPY gained +8.4 pips, and EURUSD gained +1.9 pips. These initial movements are generally small when compared to the historical median 1-hour moves for these pairs, which range from 6 to 12 pips. For instance, EURAUD’s 15-minute move of -7.7 pips is less than its median 1-hour move of 12 pips.