EUR/NOK has traded in the 11.10-11.30 range over the last week with a notable higher correlation to the longer-end of the oil curve, economists at Danske Bank inform. Key quotes “It is when the oil curve is moved by global demand-related factors that oil price changes have a big impact on NOK FX.” “The most important implication of the OPEC++ deal is that it removes the near-term possibility of a price war. Now the supply outlook looks more predictable, which will leave oil prices in the hands of demand and the eventual reopening of economies.” “We maintain our cautious bullish NOK view.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China Customs: March crude oil imports rose 4.5% YoY on stockpiling FX Street 2 years EUR/NOK has traded in the 11.10-11.30 range over the last week with a notable higher correlation to the longer-end of the oil curve, economists at Danske Bank inform. Key quotes “It is when the oil curve is moved by global demand-related factors that oil price changes have a big impact on NOK FX.” “The most important implication of the OPEC++ deal is that it removes the near-term possibility of a price war. Now the supply outlook looks more predictable, which will leave oil prices in the hands of demand and the eventual reopening of economies.” “We maintain our cautious bullish… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.