• The Norwegian Krone rallied to a fresh over 1-year peak following the release of upbeat economic data and a rebound in the crude oil prices.
   
• Norway's manufacturing PMI increased to 46.10 points in August from 42.80 points in July of 2020.
   
• Crude oil prices regained some ground, erasing overnight losses, as investors await the release of U.S. stockpile data from the American Petroleum Institute industry group. 
   
• U.S. crude stocks are expected to fall by about 2 million barrels in the week to Aug. 28, while gasoline inventories are seen falling by 3.6 million barrels. 
   
• International benchmark Brent crude was trading 0.3 percent up at $45.68 per barrel by 0843 GMT, having hit a high of $46.50 on Monday, its highest since March 6. U.S. West Texas Intermediate was trading 0.6 percent up at $43.02 a barrel, after rising as high as $43.75 on Wednesday, its highest since March 6.
   
• Moreover, the plunge in the U.S. dollar to an over 2-year low also supported the bid tone around the Norwegian currency. 
   
• USD/NOK trades 0.05 percent lower at 8.6980, having touched a low of 8.6506 earlier, its lowest since July 2019.
   
• Immediate resistance is located at 8.7676 close above could take it till 8.7924.
   
• On the downside, support is around 8.6272, break below could take it till 8.6073.