Markets are awaiting evening results of the FOMC meeting. 25 bp rate hike is well expected. The question is, if chairman Bernanke will indicate the end of monetary tightening or, whether he´ll keep the door open for potencial future hike(s). The dollar looses before the event and trades at 1,2800 USD/EUR.
Weak dollar is positive for central European currencies and so supported their gains today. Furthermore, there were some Czech macro data released in the morning. March trade balance was better than expected and enabled the koruna to strengthen slightly under 28,30 level. Closing rate was 28,28 CZK/EUR.