Investing.com - The number of unemployed people in Germany fell more than expected in November, while the unemployment rate hit a record-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 13,000 last month, better than expectations for a drop of 5,000.
Jobless claims declined by 7,000 in October, whose figure was revised from a previously reported drop of 5,000.
The report showed that Germany’s unemployment rate fell to an all-time low of 6.3% in November from 6.4% a month earlier. Analysts had expected a reading of 6.4% last month.
EUR/USD was trading at 1.0604 from around 1.0602 ahead of the release of the data, while EUR/GBP was at 0.7014 from 0.7013 earlier.
The euro index, which tracks the single currency against a basket of six major rivals, was at 85.53, compared to 85.52 ahead of the report.
Meanwhile, European stock markets were mixed. Germany's DAX shed 0.15%, the EURO STOXX 50 tacked on 0.1%, France’s CAC 40 slumped 0.15%, while London’s FTSE 100 inched up 0.5%.