The dollar index hovered near a two-year high on Monday

Good Morning,

- The dollar index hovered near a two-year high on Monday, underpinned by expectations the FED will start its rate-tightening cycle sooner than expected. The dollar index was last at 84.607, within reach of a two-year high of 84.797 on Friday. The euro stood nearly flat at $1.2850 after touching a 14-month low of $1.2824 on Friday.

- Asian shares all in red: Japan's Nikkei -0.71%, Hong Kong's Hang Seng -1.33% (07:13 GMT), Korea's Kospi -0.71%, Australia's ASX 200 -1.27% and China's Shanghai -1.70%.

- Scotland's rejection of independence and a lack of any fireworks at a Fed meeting last week have calmed investors enough to shift the focus back to what some call the "Great Stagnation", and how to avoid it. The Group of 20 leading nations, meeting at the weekend, said they were tantalizingly close to adding an extra $2 trillion to the global economy and creating millions of new jobs. But Europe's extended stagnation remains a major stumbling block and some big emerging economies are flagging too.

- Credit Suisse on EUR/USD: Immediate risk stays lower towards our core target zone at 1.2787/55. EURUSD remains capped below the 13-day average at 1.2945, leaving the immediate risk lower. We thus maintain our bearish view and look for a move lower towards our core target zone of 1.2787/55 – the 61.8% retracement of the entire 2012/14 bull trend and July 2013 low. Below would target 1.2200, potentially even the 1.2042 low of 2012. Immediate resistance shows at 1.2945, above which can see a move towards 1.2996/3000 where we would look to ideally cap any near-term strength. CS runs a limit order to re-sell EUR/USD at 1.3110 targeting 1.2790.

- Brazil is expected to revise down its growth rate just three weeks before a presidential election, Russia is mired in economic sanctions over Ukraine, and China's weak data is partly responsible for the 15 percent fall in the price of Brent crude since early July.

- ECB's Noyer: the size of an enhanced capital buffer that the world's top 29 banks could be around 16 percent, and will be disclosed at the G20 leaders' summit in November. Under plans being drawn up by global regulators, major global banks would have to hold safety buffers of "bail-in" bonds and other capital equivalent to a percentage of their risk-weighted assets.

- Ukraine’s truce was tested by battles between government forces and separatists as Russia’s opposition held a peace march to protest President Vladimir Putin’s policy in the neighboring country. The government in Kiev and the rebels traded accusations of cease-fire violations even after they agreed to create a buffer zone to strengthen the pact.

- Japan FM Taro Aso and economy minister Akira Amari have suggested this month that a sharp decline in the yen would be unwelcome, preferring instead more gradual moves. The dollar dipped to 108.80-yen level after hitting a six-year high of 109.46 on Friday.

- Prime Minister John Key is set to lead New Zealand for a third consecutive term after his National Party won 48% of the vote in Saturday's election. Official results show Mr. Key's party will likely end up with 61 seats in a 121-member Parliament.

- Watch today: EU consumer confidence, US home sales.

Have a nice Week !