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.

US Dollar vs NOK (FX:USDNOK)
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