The Norwegian krone that closed Tuesday's North American session at 6.6908 against the US dollar slipped to 6.7728 at 2:50 am ET Wednesday. This set a 1-week low for the Norwegian currency. If the krone falls further, 6.87 is seen as the next target level.

The Statistics Norway is slated to release Norwegian CPI for March. Annual inflation in March is seen at 2.5%, the same as in February.

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