The USDNOK is the currency pairing representing the US dollar vs. the Norwegian Krone. Although Norway does not rank high in terms of trade with the US, the US dollar is the most popular currency to trade the Norwegian Krone. The Krone exchange rates are heavily influenced by oil prices and interest rates differentials. USD, on the other hand, is dependent on the state of global commodity prices in the agricultural and manufacturing sectors as well as fluctuations in precious metals markets. Individuals interested in trading the pair should keep abreast of the economic and political developments in each country as well as announcements from other relevant financial and government organizations.