Investing.com - The number of unemployed people in Germany fell in line with expectations in February, while the unemployment rate held steady at an all-time low, official data showed on Tuesday.
In a report, Germany's Federal Statistics Office said the number of unemployed people decreased by a seasonally adjusted 10,000 last month, meeting expectations. Jobless claims fell by 19,000 in January, whose figure was revised from a previously reported decline of 20,000.
The unemployment rate held steady at a seasonally adjusted 6.2% last month, unchanged from a month earlier and matching forecasts.
EUR/USD was trading at 1.0876 from around 1.0880 ahead of the release of the data, while EUR/GBP was at 0.7798 from 0.7797 earlier.
Meanwhile, European stock markets were broadly higher. Germany's DAX rose 1.35%, the EURO STOXX 50 jumped 1%, France’s CAC 40 tacked on 0.5%, while London’s FTSE 100 advanced 0.6%.