Oil and the Norwegian Krone: Volatility Play?

U.S. DOLLAR / NORWEGIAN KRONE (FX_IDC:USDNOK)

FX_IDC:USDNOK U.S. DOLLAR / NORWEGIAN KRONE

Speculation that leading Oil producers Iran and Saudi Arabia, could be at odds over a target price, may help drive volatility in the coming months. How would the Norwegian economy, specifically the Krone react to such a situation? The above chart highlights the correlation between the Oil Price and the USDNOK currency cross. Trading Forex / CFDs is High Risk.

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