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FOMC in June is a 'dead meeting': Kay-Petersen

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May 17, 2016 apac, asia, asia pacific, asian markets, aud, audusd, australia, central banks, emerging markets, fomc, gdp, inflation, japan, kay van-petersen, macro, rba, reserve bank of australia, saxo bank, saxo tv, saxotv, singapore, tradingfloor.com, tradingfloorcom, us dollar
The minutes for the Reserve Bank of Australia are already out and Saxo Bank's Kay Van-Petersen is looking towards the Federal Open Market Committee minutes Wednesday.

However, Saxo's Singapore-based Asia macro strategist is already branding the next Fed jamboree on June 15 as a 'dead meeting' citing the Brexit vote which will likely put a brake on any move.

Inflation reports from the Eurozone and US will also come out this week and it is an important few days for Japan yet again with fresh GDP data on tap.

Lastly, Van-Petersen mentions that the consensus expectation for central banks in the emerging markets is for no change because of the US dollar degradation.

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