EUR/NOK

EUR/NOK CFD is a product offered by OANDA, and is based on a currency pair that represents the value of the Euro against the Norwegian Krone.  

The Euro, issued by the Eurozone, is one of the world's major currencies. Its value is influenced by the economic performance of the Eurozone countries, monetary policy set by the European Central Bank (ECB), and overall global economic conditions.  

The Norwegian Krone, issued in Norway, is heavily influenced by commodity prices, particularly oil and natural gas, due to Norway's significant natural resource exports.

The Krone may experience fluctuations in response to these commodity prices and other economic indicators related to Norway. The EUR/NOK currency pair will be influenced by the relative economic performance and monetary policies of the Eurozone and Norway, and also heavily by the energy markets.