The dollar index, last trade at 84.333

Good Morning,

- Scotland rejects Independence…sterling up.

- Asian shares edged higher on Friday, cheered by news of an initial public offering by Chinese e-commerce giant Alibaba.

- The dollar index, last trade at 84.333, after it climbed as high as 84.743 on Thursday, its strongest level in more than four years. Euro hit a fresh 14-month low on Thursday, when it fell as low as $1.2834.

- Scotland voted to remain in the U.K. after an independence referendum that put the future of the 307-year-old union on a knife edge and risked years of political and financial turmoil. After counting through the night, 55 percent of Scottish voters supported the “no” campaign compared with 45 percent who backed independence.

- The pound surged ahead of the result, which gave the Better Together campaign a wider margin of victory than suggested in opinion polls. The result was based on 29 of the 32 local authorities declared after a record turnout of more than 90 percent in some regions.

- Sterling was last up at $1.6450 level after rising as high as $1.6525, a marked turnaround from a 10-month low of $1.6051 touched just last week. Sterling rose more than two full yen against the Japanese currency to buy 180.66 yen, it’s highest since late 2008.

- Scotland’s Salmond : Asks all Scots to accept the referendum result. Expects on devolution to be honored. Pledges to work constructively on behalf of Scotland. Says all Scots will demand pledged timetable is met. Will speak to David Cameron later today.

- In August 2014 the German index of producer prices for industrial products fell by 0.8% compared with the corresponding month of the preceding year. In July 2014 the annual rate of change all over had been –0.8% too. Prices of intermediate goods decreased by 0.4% and energy prices by 3.1%, while prices of consumer non-durable goods increased by 0.4% compared with August 2013.

- IMF sees risk of stagnation and low inflation in Italy. Says risks for Italy are still tilted to the downside. Sees 1.1% growth in 2015 (slightly below official forecasts of 1.3%).

- Citi on USD/JPY: Citi Economists expect additional easing by the Bank of Japan during the period between its October 31 monetary policy meeting and the meeting scheduled for January 2015," Citi notes. "If that is right then some of the underlying dynamics / reasoning behind the USDJPY rally may turn out to be quite similar to early 2013. In the meantime USDJPY remains strong with the break to higher highs on the US-Japan relative curve spread,' Citi adds. All in all, Citi thinks that USD/JPY should make another push higher as there are no meaningful levels in sight until 110.66. Citi maintains a long USD/JPY position from 105.99 targeting 110.

- Japan's government cut its overall economic assessment for the first time in five months as private consumption is struggling to recover from the slump caused by April's sales tax hike, clouding the outlook for a sustained recovery. The government on Friday cut its view on private consumption, which accounts for about 60 percent of the economy, saying that consumer spending is seen pausing although a pick-up trend remains intact.

- The U.S. Senate on Thursday approved a bill requested by President Barack Obama to arm and train moderate Syrian rebels fighting Islamic State militants.

- Spot gold inched lower to $1,220 an ounce after touching $1,216.01 in the previous session, its lowest since Jan. 2.

Have a nice Week !