This morning, a correction on the koruna seemed to be likely, but that changed as some news came from Hungary. Reuters said that Hungarian government planed 300-350 HUF fiscal cuts, which was positively reflected by the market. The forint jumped to 260 HUF/EUR and helped the koruna up to 28,25 CZK/EUR, whithin sight of its all-time high at 28,22. Other important positive factor is still the dollar weakness.
The koruna stays flat against the dollar at 22,41 CZK/USD, although there is some intraday volatility. The dollar is in the defensive and trades at 1,2615 against the euro. The market now awaits the evening Bernanke´s speech.