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.


USD/SEK, USD/NOK Break Through Key Support - What’s Next?

USD/SEK and USD/NOK broke through key support levels as US Dollar strength faded and short-term volatility is to be expected from central bank-related event risk this week.
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Analyst Picks

Dimitri Zabelin

Dimitri Zabelin Junior Currency Analyst

My Picks: Bullish USD/NOK
Expertise: Global Political Economy
Average Time Frame of Trades: 3-6 Months


Pivot Points data provided by IG

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