Oil jumped to USD 68,09

Oil briefly surged USD 5 late Tuesday on rumors that conflict had broken out between Iran and the United States, then eased as the White House said there was nothing to indicate an incident had taken place.

U.S. crude prices jumped to USD 68.09 a barrel in electronic trade, the highest level since September. 6, before falling down to USD 64.48.

EURNOK fell on the strong oil from 814.00 to 811.50.

AUD lower and awaits FED

The Australian dollar nudged lower against the U.S. currency on Wednesday, consolidating below 81 cents as investors cautiously awaited testimony from the U.S. central bank chief on the health of the world's biggest economy.

Analysts said the local currency, which rose to a fresh 10-year high of USD 0.8109 on Tuesday, should find support on dips to USD 0.8050. Underpinning the Aussie is speculation Australia's central bank might raise interest rates as early as next week.

AUDUSD traded between 0.8063 and 0.8082.