This is the Forex quote for the Euro versus the Norwegian Krone. In this quote, the value of one Euro ('base currency') is quoted in terms of the Norwegian Krone ('counter currency'). The value of the Norwegian Krone compared to other currencies, in particular the EUR, is often correlated to changes in oil prices and interest rates. Thus, with rising oil prices and interest comes Krone strength relative to other currencies and vice versa.
IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.71%, while traders in Wall Street are at opposite extremes with 75.59%.
See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/0rZ8anYrWW
Forex Update: As of 13:00, these are your best and worst performers based on the London trading schedule:
View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/ueTnNYQdMV
IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.70%, while traders in Wall Street are at opposite extremes with 75.78%.
See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/dCUxr4X5Bi
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