Dollar Hits 3-Week Low Vs Yen On Financial Sector Concerns

The dollar struck a three-week minimum against the yen due to the sale of hedge funds, as many fear that the charges against Goldman Sachs charges may affect the ordinary shares and American interest rates this week.

The dollar may fall further against the yen in the coming days, if the fall campaign will go down on growing fears that U.S. regulators may extend the "feeling out" financial institutions - dealers said.

In early Asian trading week the dollar fell to 91.83 yen, its lowest level since March 25.

While perhaps the majority of companies involved in small business, the amount will report better-than-expected profits, many well-known names did not meet expectations "- said David Forrester (David Forrester), currency analyst at Barclays Capital. It can also drag a higher yield, riskier currencies like the euro, lower against the yen - the analyst said.

At the same time, there are rumors that the Chinese government may soon allow the yuan to rise against the dollar, which could become an additional stimklom for investors to sell dollars in favor of the yen, -, dealers said.

360.000 unemployed Portugal in anticipation of the March benefits

According to the Ministry of Labour of Portugal, a computer crash led to delays in processing benefits.

Most of the unemployed receive benefits in March with the delays, this situation affects approximately 360.000 people.

"It is obvious that the main problem is the deteriorating quality of service," - said Maria do Carmo Tavares (Maria do Carmo Tavares), who works in the executive committee of the labor unions.

According to the Ministry of Labour, the delay in the payment of benefits touched 360.000 beneficiaries, ie 64.17% of the total number of registered unemployed at employment offices. According to the latest data available at the Office of Employment and Vocational Training, in February of the country were registered 561,315 unemployed people.

Helen Andre (Helena André) of the Employment Service, said unemployment benefits have no clear time frame in which they will be paid.

For Maria do Carmo Tavarez is like the situation is totally unacceptable, because people are rigidly fixed income and they want to survive. Trade union leader believes that government policy in the sphere of administrative activity "was overwhelming", which is why many workers have resigned immediately, even knowing that their benefits would amount to 25%, 30% or 40% of income. Health, education and welfare, according to a trade union leader, will feel the greatest impact.

TD Securities believes the weakening Canadian dollar temporary

Canadian dollar weakens against the common desire to escape from risk, which is dominated by the global financial markets in light of allegations of fraud against a U.S. bank Goldman Sachs. As noted by analysts TD Securities, the mood on the stock markets remains negative, the U.S. futures are also in negative territory, forcing the Canadian currency to stay on the defensive. The Bank recall that last week the Canadian dollar has shown the worst performance among the major currencies. However, the bank's strategists believed that the current weakening of the currency of Canada is merely short-term consolidation in the overall bull trend. The bank believes that today the pair dollar / Canada is unlikely to go beyond the range, limited levels of 1.0130 and 1.0216. Currently pair dollar / Canada is at around 1.0175.

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