During Wednesday's trading session, from 6:00 until 7:00 GMT, the Norwegian Krone appreciated against the US Dollar by 0.79% or 674 pips.
The reason for the advance was the Norwegian domestic core CPI release, which came better-than-expected of 2.7% compared with the forecast of 2.5%. Note, that the Federal Reserve's decision to maintain the interest rate unchanged in 2019 also could push the US Dollar lower against the Norwegian Krone.
According to analysts, stronger economic data increased expectations that the Norwegian Central Bank would raise the interest rate in May. Currently, the rate is equal to 1.00%.