The koruna recovered from the morning weakness, when Czech Ministry of finance presented better outlook for the Czech economy. Recently the koruna and all the region go down again as the dollar gains on stong US macro data and increased probability of Fed hike in June. It trades at 28,40 CZK/EUR and 22,93 CZK/USD. The Hungarian forint registers the deepest fall in the region and trades now at 264,60 HUF/EUR.
The dollar returns below the 1,24 level at 1,2387 USD/EUR, supported by better than expected US existing home sales and the consumer confindence index. Now, the futures indicate a 50% chance that Fed will hike rates in June.