Germany: Unemployment Rate rises to 5.3% in June vs. 5% expected

• Unemployment Rate in Germany rose unexpectedly in June.
• EUR/USD continues to trade near the 1.0450 area after the data. 

The Unemployment Rate in Germany rose to 5.3% in June from 5% in May, the data published by Germany's Destatis showed on Thursday. This print came in worse than the market expectation of 5%.

In the same period, the number of unemployed increased by 133,000, missing analysts' estimate for a decrease of 6,000 by a wide margin.

Market reaction

The EUR/USD pair is struggling to stage a decisive rebound after this report and was last seen trading flat on the day at 1.0443.