Tuesday, January 7, 2014

Euro gain amid Germany unexpected Data

In November 2013, a total of 42.2 million persons resident in Germany were employed according to provisional calculations of the Federal Statistical Office (Destatis). That was an increase of 245K people or 0.6% compared with November 2012. The number of unemployed was 2.13 million in November 2013, which was a decline of 94K, people on a year earlier. Unemployed numbers declined during November only by 15K, the largest decline since January 2013. As an additional bright Germany data, Enterprises in industry (excluding construction) invested more than 7 billion Euros in tangible fixed assets for environmental protection in 2011. Compared with 2010 they increased their environmental investments by 18%. The Federal Statistical Office also reports that environmental investments accounted for almost 10% of the total 73.5 billion Euros invested by the enterprises.

Due to that unexpected support, Euro rebounded from one month low recorded today at the level of 1.3571, blue union currency scored today 1.3652 as day’s high. To be traded on average rate of 1.3634 during the day.

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