(MENAFN- FxPro) The number of unemployed people in Germany rose for the second consecutive month in July, while the country's jobless rate held steady at a record low, official data showed on Thursday.
In a report, Germany's Federal Statistics Office said the number of unemployed people increased by a seasonally adjusted 9,000 this month, disappointing expectations for a drop of 5,000.
Jobless claims rose by 1,000 in June, whose figure was revised from a previously reported fall of 1,000.
The report showed that Germany's unemployment rate held steady at 6.4% in July, in line with expectations and unchanged from June.
EUR/USD was trading at 1.0960 from around 1.0955 ahead of the release of the data, while EUR/GBP was at 0.7023 from 0.7020 earlier.
Meanwhile, European stock markets remained mildly higher. Germany's DAX inched up 0.2%, the EURO STOXX 50 tacked on 0.15%, France's CAC 40 rose 0.3%, while London's FTSE 100 advanced 0.2%.
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