Investing.com – Germany's unemployment rate remained at an all-time low in June, underlining optimism over the health of the euro zone's largest economy, official data showed on Friday.
In a report, Germany's Federal Statistics Office said its jobless rate remained as expected at a seasonally adjusted 5.7% in June.
Additionally, the number of unemployed people rose by a seasonally adjusted 7,000 from a month earlier, compared to forecasts for a drop of 10,000. Jobless claims fell by 7,000 in the previous month which was revised from an initial decline of 9,000.
Immediately following the report, EUR/USD was trading at 1.1408 compared to 1.1409 ahead of the release, while EUR/GBP was at 0.8770, compared to 0.8769 earlier.
Meanwhile, European stock markets were showing mixed signs in early trade. Germany's DAX slipped 0.05%, the Euro Stoxx 50 rose 0.14%, France’s CAC 40 gained 0.30%, while London’s FTSE 100 lost 0.30%