Investing.com - The number of unemployed people in Germany fell for the first time in three months in August, 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 declined by a seasonally adjusted 7,000 last month, beating expectations for a drop of 2,000.
Jobless claims rose by 8,000 in July, whose figure was revised down from a previously reported increase of 9,000.
The report showed that Germany’s unemployment rate held steady at 6.4% in August, in line with expectations and unchanged from July.
EUR/USD was trading at 1.1322 from around 1.1331 ahead of the release of the data, while EUR/GBP was at 0.7360 from 0.7366 earlier.
Meanwhile, European stock markets remained sharply lower. Germany's DAX lost 2.7%, the EURO STOXX 50 plunged 2.65%, France’s CAC 40 sank 2.5%, while London’s FTSE 100 dropped 2.3%.