Investing.com - The number of unemployed people in Germany fell for the eighth straight month in May, while the unemployment rate dropped to an all-time low, official data showed on Tuesday.
In a report, Germany's Federal Statistics Office said the unemployment rate dipped to a seasonally adjusted 6.1% this month from 6.2% in April. Analysts expected the jobless rate to remain unchanged.
The number of unemployed people fell by a seasonally adjusted 11,000 from a month earlier, compared to forecasts for a decline of 5,000. Jobless claims fell by 16,000 in April.
EUR/USD was trading at 1.1129 from around 1.1131 ahead of the release of the data, while EUR/GBP was at 0.7624 from 0.7625 earlier.
Meanwhile, European stock markets were mostly lower. Germany's DAX dropped 0.25%, the EURO STOXX 50 lost 0.2%, France’s CAC 40 slumped 0.2%, while London’s FTSE 100 inched up 0.3%.