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


European Stocks, Commodity Currencies Enjoy Boost

European stocks have been boosted by improved financing for China’s ‘One Belt, One Road’ infrastructure project announced by President Xi Jinping at a summit Sunday and Monday.
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Norges Bank Stands Pat As Expected


Norwegian Krone Sinks After Norges Bank Meeting


Drop In Crude Prices To Keep Oil Producers’ Currencies Weak


The Ball Is Now On The US Dollar’s Side For USD/NOK


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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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