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.
USD falls to 2-month lows with GBP up on strong retail sales and Brexit optimism with EUR following. Trump slams OPEC yet again.
by Oliver Morrison