Germany: Unemployment Rate steady at 6.7% in April

FXStreet (Łódź) - Unemployment in Germany decreased by 25.000 during April, following a 14.000 drop the previous month, the Bundesagentur für Arbeit informed today. Economists had forecast much less decline of 10.000.

The unemployment rate remained at 6.7% for the second running month.

EUR/USD clings to 1.3800

The EUR/USD is going through a consolidation phase after briefly falling below the 1.3800 mark in the wake of disappointing German retail sales.
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