Quotes from Nordea Markets:
-Danish long market rates have moved significantly lower since the beginning of the year. As a result, we believe that interest rates are close to their bottom – but are also aware that the bottom is fragile and further declines cannot be ruled out.
-A change in Fed rhetoric will mark the ultimate turning point for Danish interest rates. Subsequently, notably Danish long rates are expected to climb again.
-With the tightening made in the spring, the Danish central bank has managed to stabilise the krone at the desired level. Towards year-end we do not see any need for additional independent moves.
The material has been provided by InstaForex Company – www.instaforex.com