The week ahead: central banks minutes, Fed speak and RBNZ

The week ahead for the US is summed up here by analysts at Nomura, but for the rest of the world, the key events are as follows:

• Fed's William Dudley speech (Mon)
• Fed's Evans Speech (Mon)
• RBA minutes (Mon)
• GDT Price Index (Tue)
• BoJ minutes (Tue)
• RBNZ Interest Rate Decision (Wed)
• German Markit PMI Composite (Jun) (Fri)
• German Markit Services PMI (Jun) (Fri)
• German Markit Manufacturing PMI (Jun) (Fri)
• Canadian CPI's (Fri)

Given the recent communication from the FOMC last week, markets will be looking for Fed speakers to echo the hawkish tone from Yellen and discussion around timings for when the Fed will likely start to reduce their balance sheet and potentially hike rates again before the year is out. 

RBNZ this week: on hold? - Westpac

Markets are not expecting any surprises from the RBAor BoJ minutes and the RBNZ is expected to hold the OCR at 1.75% and to maintain a neutral outlook for interest rates.