Good Morning,

- The dollar got some support against the euro from ECB officials, whose comments rekindled speculation about more easing in the euro zone. The euro fell below to $1.3860 level, moving away from a 3-1/2-week peak of $1.3906 hit on Friday.

- Asian shares gave up more ground on Monday after a dismal week on Wall Street and tensions in Ukraine. Japan's Nikkei -0.36%, Hong Kong's Hang Seng 0.05% (07:10 GMT), Korea's Kospi -0.02%, Australia's ASX 200 -1.29% and China's Shanghai 0.05%.

- ECB’s Noyer says weaker euro is desirable. Repeating his previous comments, this time in the Figaro newspaper, strong euro reduces inflation rate by 0.5%. That repeats Draghi’s comments from the weekend.

- ECB President Mario Draghi on Saturday told a news conference "a further strengthening of the exchange rate would require further stimulus.

- The ECB is ready to make asset purchases if it deems them necessary to counter a prolonged period of low inflation, ECB Executive Board member Benoit Coeure said on Sunday.

- Ukraine gave pro-Russian separatists a Monday morning deadline to disarm or face a "full-scale anti-terrorist operation" by its armed forces, raising the risk of a military confrontation with Moscow. European Union foreign ministers will hold talks later on Monday about tougher sanctions against Russia.

- Debt markets think the euro zone debt crisis is over and are "under pricing" the risks, Axel Weber, former head of the Bundesbank, has warned. "Markets, when they re-price, always overshoot. But at the moment, as they're re-pricing to a normal situation, they're also overshooting,"

- Germany’s top finance officials warned investors against prematurely celebrating an overhaul of Europe’s economies four years after they plunged into crisis. “It’s good that markets have become more confident again,” Finance Minister Wolfgang Schaeuble told reporters in Washington yesterday during the spring meetings of the International Monetary Fund. “But I’ve said that in parts they’re already exaggerating again.”

- Jordan says SNB minimum exchange rate is ‘extremely important’. The cap on the franc versus the euro will remain in place in the foreseeable future, Swiss National Bank President Thomas Jordan said. “The Swiss franc remains highly valued and in order to maintain adequate monetary conditions in Switzerland so that we can maintain price stability and in order to not fall back into negative inflation we have to maintain the minimum exchange rate.”

- The dollar index steadied, rising about 0.2 percent to 79.607.

- The Federal Reserve doesn’t need to expand its focus from its dual mandate to take financial-stability concerns into account, Fed governor Jeremy Stein said on Sunday.

- The dollar was edged down to 101.59 yen, after touching a 3-1/2-week low of 101.32 yen on Friday, a far from a 2-1/2-month high of 104.13 yen set on April 4.

- Watch today: EU industrial production, US retail sales.

- U.S. crude added 0.4 percent to $104.18 per barrel and Brent crude rose 0.5 percent to $107.90, bolstered by fears from Ukraine situation.

Have a nice Week!

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