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Germany’s jobless rate fell to a record low in March, the Federal Labor Agency reported Tuesday. The unemployment rate dropped to a seasonally adjusted 6.4 percent in March from 6.5 percent in February. The rate came in line with economists’ expectations.
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The buck rose to an early high of $1.4755 against the pound sterling Tuesday, but has since retreated to around $1.4850.
The U.K. economy grew more than the prior estimate in the fourth quarter, according to the latest report released Tuesday. Gross domestic product grew 0.6 percent sequentially in the fourth quarter, revised up from 0.5 percent published on February 26, the Office for National Statistics said. The growth was thus unchanged from the 0.6 percent expansion seen in the third quarter.
The greenback has slipped to around Y119.980 Tuesday afternoon, from around Y120.365 this morning.
Japanese housing starts declined at a slower than expected pace in February, data from the Ministry of Land, Infrastructure, Transport and Tourism showed Tuesday. Housing starts dropped 3.1 percent in February from last year, slower than January’s 13 percent decline and an expected decrease of 7 percent. It fell for the twelfth consecutive month in February.
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