CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks.Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
The base currency – AUD. The counter currency – NOK. The AUD to NOK currency exchange rate shows how the Australian dollar relates to the Norwegian krone. The Australian dollar, also nicknamed as the ‘Aussie’, circulates in the Commonwealth of Australia, which is composed of Australia itself and its territories. The symbol for AUD is the dollar sign – $. The Reserve Bank of Australia is the body to control the country’s monetary policy, including the official currency. The Norwegian krone is the national currency of Norway, which was first introduced in 1875. One krone is made of smaller units – 100 øre. NOK is a free-floating currency, meaning it is controlled by the major financial body – the Norges Bank. Learn how AUD is traded against the Norwegian Krone at Capital.com
Explore the ongoing AUD/USD downtrend ahead of Australia's GDP data release. Understand economic drivers, RBA policy, and technical signals impacting the Australian Dollar.
Higher-than-expected monthly CPI data watered down expectations for RBA interest rate cuts in 2024; the markets will now shift attention to quarterly GDP data on Wednesday, June 5.
09:55, 5 September 2024
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