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Crude oil


MongiIG

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As oil stalls on speculation that the latest OPEC compromise agreement will see more oil emptied on the market, and as the spread of the next wave of Covid brings about concerns of a slowdown in demand, commodity currencies are getting hit. USDCAD another to watch but USDNOK the closest to a breakout.
 
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Crude oil correlation with commodity FX: USDNOK ready for a breakout to a high for the year?
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