• The Norwegian Krone slumped to an over 1-month low as crude oil prices declined on worries over coronavirus lockdowns across Europe.
   
• Crude oil prices declined more than 5 percent to a 5-month low on worries the coronavirus lockdowns across Europe will weaken fuel demand, while traders braced for turbulence during the U.S. presidential election week.
   
• International benchmark Brent crude was trading 1.6 percent down at $37.24 per barrel by 0934 GMT, having hit a low of $35.76 earlier, its lowest since May 29. U.S. West Texas Intermediate was trading 2.1 percent lower at $34.98 a barrel, after falling as low as $33.67 earlier, its lowest since May 29.
   
• However, the Norwegian currency's downside appears limited as Manufacturing PMI in Norway increased to 53.40 points in October from 50.70 points in September.
   
• USD/NOK trades 0.2 percent higher at 9.5443, having touched a high of 9.6023 earlier, its highest since September 25.
   
• Immediate resistance is located at 9.6160, close above could take it till 9.6335.
   
• On the downside, support is around 9.4851, break below could take it till 9.4685.