The Norwegian Krone strengthened against the U.S. dollar in the European session on Wednesday, amid positive global cues on reports of breakthrough in coronavirus treatment.

A leading British scientist has made a significant breakthrough in the race for a coronavirus vaccine by reducing a part of the normal development time from "two to three years to just 14 days", Sky news reported.

The Norwegian Krone appreciated to a 5-day high of 9.1759 against the greenback from Tuesday's closing value of 9.2086. If the Norwegian Krone rises further, 8.5 is seen as its next resistance level.

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