The unemployment rate in Portugal in August rose to 12.4% from 12.3% in July. It is worth noting that in the same period last year, the unemployment rate was 13.6%. The number of unemployed rose to 633 thousand, which is 4.8 thousand more than the previous record. Tomorrow in the euro area will be published important statistics on the unemployment rate, which recent contraction supported the euro and may have a positive impact on the European currency quotes at this time. Our medium-term outlook for the euro remains negative.