France’s Unemployment Rate at 7.3% vs 7.6%; EUR/USD Rises

On Tuesday, February 11, 2025, France released its unemployment rate data, influencing the movement of EUR/USD.

For the fourth quarter of 2024, the unemployment rate in France was reported at 7.3%, which is lower than the forecast of 7.6% by Trading Central and a decrease from the prior quarter’s 7.4%.

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Following this announcement, the EUR/USD surged to 1.03100, marking the highest level of the day.

The lower-than-expected figures compared to previous forecasts came as a surprise. The drop in the unemployment rate indicates an improvement in the French labor market, contributing positively to the sentiment surrounding EUR/USD.

However, market volatility is likely to persist as traders assess the potential impact of the recent increase in import tariffs on steel and aluminum imposed by U.S. President Donald Trump. Notably, Germany is one of the largest exporters of steel to the United States.