Oil prices fall, and the Norwegian krone drops to an eight-month low.

Jin10 data, April 7th: Due to concerns that Trump’s tariffs may lead to a global economic recession, oil prices have big dumped, and the Norwegian krone to euro Exchange Rate has fallen to an eight-month low. ING analyst Turner stated in a report that the krone is the worst-performing G10 currency over the past week. He said that the Norwegian krone has been heavily impacted by the drop in oil prices. Since the Central Bank of Norway has not yet started to cut interest rates, the potential reduction in Norway’s Intrerest Rate could be the largest, which also weighs on the krone. The decrease in Liquidity is another factor. “Traditionally, the krone performs very poorly in a low Liquidity environment, which may be the case this week.”