USDNOK chart

USDNOK chart by TradingView


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.


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Will NOK’s projected downward movement in 2019 be reduced by the newly established conservative majority government in Norway?
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Analyst Picks

Dimitri Zabelin

Dimitri Zabelin Junior Currency Analyst

My Picks: Pending Long USD/NOK
Expertise: Global Political Economy
Average Time Frame of Trades: 1-6 Months


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