Hurricane Olaf forms in the eastern Pacific

Hurricane Olaf has formed far offshore in the eastern Pacific, US forecasters said Sunday.

The storm is currently located some 1,725 miles (2,780 kilometers) west-southwest of the southern tip of Mexico's Baja California peninsula packing maximum sustained winds of 75 miles per hour, the National Hurricane Center said.

Olaf has the potential to become a major hurricane on Monday, but no coastal watches or warnings are currently in effect, according to the Miami-based NHC.

On its current trajectory, Olaf -- the 11th hurricane of the eastern Pacific season -- would stay away from land and out over open water in the coming days, it said.