• The Norwegian Krone retreated from a 3-week peak as the greenback bounced back from recent lows.
   
• The dollar index rose from a 3-week low after a White House spokeswoman said Senate Republicans will go along with what President Donald Trump wants in terms of coronavirus relief legislation.
   
• The Norwegian currency rose earlier in the day following a surge in oil prices, supported by robust China data and on OPEC's oil demand forecast.
   
• The Organization of the Petroleum Exporting Countries stated that the world oil demand will rebound more slowly in 2021 than previously thought as coronavirus cases rise. 
   
• Demand will rise by 6.54 million barrels per day (bpd) next year to 96.84 million bpd, the OPEC said in a monthly. 
   
• International benchmark Brent crude was trading 1.1 percent up at $42.24 per barrel by 1246 GMT, having hit a high of $43.54 on Friday, its highest since September 18. U.S. West Texas Intermediate was trading 1.3 percent higher at $40.01 a barrel, after rising as high as $41.44 on Friday, its highest since September 18.
   
• USD/NOK trades 0.2 percent higher at 9.1470, having touched a low of 9.1127 earlier, its lowest since September 21.
   
• Immediate resistance is located at 9.2283 (20-EMA), close above could take it till 9.2593.
   
• On the downside, support is around 9.0964, break below could take it till 9.0694.