USD/NOK

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

The US Dollar is the world's primary reserve currency and the most widely traded currency globally. Its value is influenced by US economic performance, Federal Reserve monetary policy, and global economic sentiment.  

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 USD/NOK currency pair will be influenced by the relative economic performance and monetary policies of the United States and Norway, and also heavily by the energy markets.