• The Norwegian Krone rallied to a fresh 3-month peak following better-than-expected inflation data.
   
• Norway's annual inflation rate increased to 1.3 percent in May from 0.8 percent in the previous month, surpassing market expectations of 1.1 percent, its highest reading since January.
   
• While core consumer prices increased 3 percent in May after rising 2.8 percent over the same month in the previous year.
   
• The Norwegian currency was also supported by broad-based U.S. dollar weakness, although a drop in the crude oil prices due to a rise in crude and fuel stockpiles in the United States limited the upside.  
   
• USD/NOK trades 0.2 percent up at 9.2575, having touched a low of 9.1975 earlier, its lowest March 3. 
   
• Immediate resistance is located at 9.3089, close above could take it till 9.3489.
   
• On the downside, support is around 9.1814 / 9.1753,.break below could take it till 9.1647.