USDNOK chart by TradingView

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


Bullish USD? USD/NOK Pivots At Common Wave Relationship

The downward trend in USD/NOK paused at the 1.618 extension. The higher probability move is a bounce higher towards 8.10.
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Norwegian Krone Sinks After Norges Bank Meeting


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Analyst Picks

Jeremy Wagner, CEWA-M

Jeremy Wagner, CEWA-M   

Head Forex Trading Instructor

My Picks: Bullish USD Against NOK
Expertise: Elliott Wave, Technical Analysis
Average Time Frame of Trades: 2 Weeks


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