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


Bearish USDNOK: Oil Breakout & Macro Trend of Weaker US Dollar

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CAD Enjoying the Ride as Potential for a Bottom in Crude Oil Develops


USD/NOK Consolidates After January Sell Off


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


DailyFX Technical Focus: (USDNOK, USDCAD)


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Analyst Picks

Tyler Yell, CMT   

Forex Trading Instructor

My Picks: Bearish USD/NOK
Expertise: Elliott Wave, Technical Analysis, and Intermarket Analysis
Average Time Frame of Trades : 3 Weeks - 5 Weeks


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