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.


news


Oil Collapse Driven by Panic; Is CAD at a Policy Turning Point?

Register for today's webinar at 9:00 EST/14:00 GMT with James Stanley and Christopher Vecchio to discuss the impact of the oil price crash on FX markets.
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DailyFX Technical Focus: (USDNOK, USDCAD)


Price & Time: Key Week For USD/NOK


Norway: Wrap-Up and Look Ahead (March 23-27)


Despite Incumbent Risks, Norges Bank Holds Interest at 1.25%



Real Time News


Analyst picks

Jamie Saettele, CMT   

Sr. Technical Strategist

My Picks: long USD, currently against commodity FX, pending against European FX
Expertise: Technical
Average Time Frame of Trades: NA


Pivot Points

Forex Economic Calendar


USD Initial Jobless Claims
m
A: 269
F: 280k
P: 285k

USD Fed's Yellen to Appear Before Senate Banking Committee
m
A: 
F: 
P: 

USD Advance Retail Sales
h
A: 
F: 0.1%
P: -0.1%

USD Retail Sales Less Autos
m
A: 
F: 0.0%
P: -0.1%

USD Retail Sales Control Group
m
A: 
F: 0.3%
P: -0.3%

USD Business Inventories
m
A: 
F: 0.2%
P: -0.2%
A: Actual   F: Forecast    P: Previous