It has been a lacklustre start for......>

EURO-DOLLAR: It has been a lacklustre start for the pair following the late pop

on Friday which allowed the cross to close the week out above $1.1400. The rate

last trades around 10 pips softer at $1.1430, with a lack of developments to

spur further notable movement in early dealing. From a technical perspective,

after breaking above the August 13 highs late Friday, bulls now look to retest

broken neckline support, now resistance at $1.1500. A close above here would

shift focus higher. Conversely, a break below $1.1350 would target the YtD low

($1.1301).

- In terms of weekend news, we learnt that Italy is set to role out an

unprecedented infrastructure programme in September. While Greece has

successfully concluded its bailout programme, although the chief of the

country's central bank has noted that there "is still a long way to go" re:

fixing imbalances.

- EUR focus is likely to fall on developments re: Turkey & the U.S. as well as

the ECB's July meeting minutes due later in the week.