Market Analytics and Considerations
The forecast for Germany’s job market is anticipated to be positive for the first quarter of 2023, according to a release released on Wednesday by the IFO economic institution in Germany.
Key conclusions
The most recent employment gauge indicated “Solid employment prospects are expected for the first quarter of 2023, mostly due to service providers.
“Personnel service companies have a positive outlook for the time to come.”
Market response
The Euro continues to pay little attention to the positive data; as of writing, EUR/USD is trading at around 1.0620, up 0.10% on the day.
