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.


Norwegian Krone Sinks After Norges Bank Meeting

The Norwegian Krone has weakened after Norges Bank once again kept interest rates on hold at 0.5% at its March meeting. Expect timid oil prices to heighten the Krone’s woes.
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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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