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In September, Germany's unemployment rate suddenly sank even further, driving optimism over the health of the euro zone's key economy, as official data revealed on Friday.
Federal Statistics Office reported that in September, its jobless rate went down to a seasonally adjusted outcome of 5.6%.
It happened to be a record minimum and it also beat consensus who had hoped unemployment would be still intact at 5.7%.
Besides this, the overall number of unemployed folks tumbled by a seasonally adjusted 23,000 from the previous month versus forecasts for a sag of about 5,000. Last month jobless claims dived by 6,000 and it was updated up from an initial sag of 5,000.
Immediately reacting to the report, the currency pair EUR/USD hit 1.1794 versus 1.1804 ahead of the publication, while EUR/GBP reached 0.8798 versus 0.8805 demonstrated earlier.
Meanwhile, EU stock markets traded generally higher in early trade. The Euro Stoxx 50 rallied 0.14%, Germany's DAX soared 0.20%, France’s CAC 40 dived 0.06%, and London’s FTSE 100 added 0.41%.
Japan's average land prices managed to surge for the first time for 27 years in the year to July 1 because an influx of foreign tourists stimulated demand for shops and hotel properties…
US President Trump made a final decision concerning the US tariffs on Chinese imports…
The British pound tends to trade with high volatility as the Brexit deal remains cloudy. One day there’s a rumor of an agreement between Britain and the European Union and the next day it’s denied.
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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