After the weakness recently in crude, we have...>

OIL: After the weakness recently in crude, we have seen a bit of stabilisation

so far this morning. The Brent 1st futures contract approached key levels

overnight, almost reaching the 38.2% retracement at $63.96 from the 2016 lows of

$27.10 to 2018 highs of $86.74.

- It is worth noting which currency pairs have tracked the moves in Brent

futures closest.

- On a one-month basis, NOKSEK has seen the strongest correlation at 67.5%,

followed by SEKCOP at 62.4%.

- On a three-month basis, NZDCAD has been the most correlated at 46.5%, followed

by RUBINR, AUDCAD and EURNOK.

- On a one-year basis, INRCOP, CADSGD, COPIDR, USDCAN, SGDNOK, SGDCOP and EURNOK

have all seen correlations of over 30%.