The Czech koruna was loosing significantly in the recent days and fell to levels attractive for buyers. Today, a huge technical rebound came in and the currency has firmed to 28,12 CZK/EUR, after it had attacked the 28,00 line during afternoon. The firming was boosted by moves on the USD/EUR market.
The USD has fallen above the 1,3000 level to the euro. US 4Q GDP beated expectations by its 3,5% growth, but didn´t helped much the dollar. On the other hand, the Chicago PMI has dropped more than expected and supported further losses. The CZK has ended much firmer to the dollar today, at 21,66 CZK/USD. Now, the markets are awaiting the Fed.