Forex Trading News: German Unemployment Rate Released Slightly Higher Than Forecast

The German Unemployment number comes out at 7.9% from the previous 7.8%.  No change was expected.

This rise in the unemployment has caused a drop in the EUR across the board.  Several more EUR data releases are out at 5:00 AM led by the CPI Flash Estimate, with the ECB's Trichet speaking around 8:00 AM.