💱US Dollar/Norwegian Krone FX Spot Rate
USDNOK
▼ NegativeMonetaryrelevance
Nordea expects NOK stable near term, stronger in 2027; implies USD/NOK may weaken over time.
Nordea strategists expect the Norwegian Krone to remain broadly stable over the next six months, following July's decline in EUR/NOK driven by higher oil prices and increased NOK purchases by Norges Bank. The bank also sees the Krone strengthening against the Euro in 2027.
Nordea expects NOK stable near term, stronger in 2027; implies USD/NOK may weaken over time.