News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
German Unemployement Holds at Two Decade Low

German Unemployement Holds at Two Decade Low

David Schutz,

Unemployment in Germany held at 6.8% in January. The number represents a twenty year low in unemployment. The number of unemployed people remained at 2.87 million; economists had forecasted a drop of 5,000 unemployed.

The latest numbers could be considered a sign that Europe’s largest economy is recovering some strength after sinking in 2011’s third quarter. The Euro was unchanged by today’s German data, but the latest daily close above 1.3325 ends a recent bout of multi-session consolidation and could open the door to the next upside extension towards 1.3700 over the coming days.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES