Flash: Downside limited in US rates – Danske Bank

FXStreet (Edinburgh) - In the opinion of Analyst Lars Christensen at Danske Bank, US rates would see their downside limited in the short term

Key Quotes

“US rates are unlikely to grind much lower in the short end as expectations of further Fed hikes are now postponed again”.

“So far we have not seen a major softening in the rhetoric from the Fed inner circle in response to recent data”.

“And if we see a rebound in the ISM index today this will keep the expectations of only a temporary slowdown alive and steepen the US curve somewhat”.