US Dollar / Norwegian Krone (USD/NOK)
Monitor the US Dollar (USD) against the Norwegian Krone (NOK). Stay informed with live rates and expert analysis for effective trading at FP Markets .
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US Dollar / Norwegian Krone (USD/NOK) Trading FAQ
While forex pairs can theoretically be traded 24 hours a day, there are optimum times to trade the USD/NOK whenever the currency pair is more volatile. From 13:00 to 17:00 GMT., the USD/NOK is usually busy (GMT).
Many factors can affect the USD/NOK market sentiment and spot rates, such as central banks policies, the price of commodities in each country, exports of both countries, economic growth, and political stability.
The USD/NOK is the most popular currency pair to trade the Norwegian currency. Between 2002 and 2008, the USD/NOK pair saw major volatility due to changes in interest rates and the global financial crisis. The economy of Norway benefits from trade, and a lot of that trade is made with Great Britain and the Eurozone, so the Krone is affected by changes in those economies.
As you may already know, trading via CFDs (contracts for difference) is one of the most popular approaches when dealing with currencies such as USD and NOK. While there are numerous Forex brokers out there. Try to find one that suits your needs. Such as FP Markets, a fully regulated broker that offers all types of platforms and accounts, to suit every need.
