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USD/NOK

The US Dollar / Krone is the most popular pair to trade the Norwegian currency. The price of the Krone is influenced by changes in interest rates and oil prices. The pair saw a lot of volatility between 2002 and 2008 because of the changes in oil prices and the global financial crisis. Norway's economy largely benefits from trade, and a lot of that trade is done with the UK and the Euro-zone. Therefore, the Krone is significantly affected by changes in those economies.

USD/NOK Rate

Click here for live USD/NOK rates.

Weekly US Dollar and Norwegian Krone Trading Forecast

Symbol Forecast Outlook

USD/NOK Pivot Points

US Dollar and Norwegian Krone News

Norwegian Krone Under Pressure as Oil Drops
As a sizable portion of Norway’s exports, revenue and GDP, oil prices have placed the NOK under pressure.
Russian Ruble Tumbles Further - Holding RUB Positions Far too Risky
The Russian Ruble continued sharply lower despite an aggressive reaction from the Central Bank of Russia. Here’s why we would avoid holding USD/RUB positions.
Russian Ruble Plummets and Here’s How We Might Trade the Clear Trend
The Russian Ruble continues its plunge versus the US Dollar, and the overall trend is crystal-clear. Yet buying USDRUB seems exceedingly risky; we look at these alternatives.
In Response to Drop in Oil, Norges Bank Purchases 300 M kroner
A substantial drop in Oil following the OPEC Meeting in Vienna has left Norges Bank increasing the sale of FX to 300 million NOK to cover deficits. USDNOK recovers 75% of its drop...
Norges Bank Preserves Key Policy Rate: USD and EUR/NOK to Consolidate
USD and EUR/NOK pairs consolidate below shooting star candlestick patterns as Norges Bank holds interest rates steady on balanced indicators.

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Wed
Dec 17
13:30
USD Consumer Price Index Ex Food & Energy (YoY) (NOV) 1.7% 1.8% 1.8%
13:30
USD Consumer Price Index (YoY) (NOV) 1.3% 1.4% 1.7%
19:00
USD Fed Summary of Economic Projections
19:00
USD Federal Open Market Committee Rate Decision (DEC 17) 0.25% 0.25% 0.25%
19:30
USD Fed Chair Yellen Holds News Conference Post FOMC Release