The koruna stays quite calm today. The rate CZK/EUR is almost flat a touch below 28,30 and awaits tomorrow data. Inflation and foreign trade data will be of importance. We expect the trade balance to have positive influence on the Czech currency.
FOMC meeting tomorrow evening should be very important also for the koruna. Further dollar weakenning could enable more gains to currencies in our region. Otherwise, possible correction of the dollar, if Fed indicates more tightening, should bring selling pressures to these currencies.