Investing.com - The number of unemployed people in Germany declined for the ninth consecutive month in June, while the country’s jobless rate held steady at a record low, official data showed on Tuesday.
In a report, Germany's Federal Statistics Office said the number of unemployed people fell by a seasonally adjusted 1,000 this month, compared to expectations for a drop of 5,000.
Jobless claims decreased by 5,000 in May, whose figure was revised from a previously reported fall of 6,000.
The report showed that Germany’s unemployment rate held steady at 6.4% in June, in line with expectations and unchanged from May.
EUR/USD was trading at 1.1165 from around 1.1175 ahead of the release of the data, while EUR/GBP was at 0.7109 from 0.7112 earlier.
Meanwhile, European stock markets remained mildly lower. Germany's DAX fell 0.85%, the EURO STOXX 50 shed 0.7%, France’s CAC 40 declined 0.9%, while London’s FTSE 100 dipped 0.7%.