German Unemployment Rate steadies at 5.5% in January vs. 5.5% expected

• German Unemployment Rate held steady at 5.5% in January.
• Despite the mixed German jobs data, EUR/USD is holding higher ground near 1.0650.

Germany’s Unemployment Rate stood unchanged at 5.5% in January, the latest data published by Destatis showed on Wednesday. The market consensus was for a 5.5% reading.

The Unemployment Change arrived at 2K in January, rebounding from December’s drop of 15K while way below the market expectations of 19K.