In the US, Richmond Manufacturing Index, Manufacturer’s Monthly Survey to rate business conditions such as shipments, new orders etc., rise that shows condition improvements by 3 points up to 6 points this month.

Increased speculation about a Greek default and concerns about the eurozone did not affect the aussie, as traders were busy snapping up the Australian currency this week.

In the US, Building Permits the annualized amount of residential permits released in October was well beyond predictions reaching 650,000 after 590,000 in the prior month. A small drop to 630,000 is expected now.

Australia’s GDP rose 1 percent in the third quarter, which was higher than the markets had anticipated. The areas of strongest growth were consumer spending and investment in the mining sector. With the cheery economic news, a third consecutive interest rate cut in February by the central bank appears less likely. The US rallied against the Aussie last week, as the greenback continues to benefit from the crippling eurozone debt crisis.

In the US, Producer Price Index (PPI), important consumer inflation sign that value the producer’s goods and services prices, about to reduce from 0.8% on October down to -0.1%, and the Core PPI (not including energy and food) is due to decrease from  0.2% down to 0.1%.

In the US, Ben Bernanke, Federal Reserve (Fed) Chairman, is expected to lecturer in Boston.

Job figures came out better than expected, but they might be a correction, rather than a change of course. AUD/USD enjoyed the high hopes for Europe in the past week and reached parity once again. Will this optimism prevail?

In the US, Federal Open Market Committee (FOMC) Statement, key tool used by the FOMC that affects the investors regarding the monetary policy & the financial outlook. And the Federal Funds Rate remains with no change from the previous months 2.5%.

The Australian dollar couldn’t escape the European worries, and dipped to the 2010 peak. The news regarding Greece will continue accompanying us.

The spectacular drop began with the US downgrade by S&P, but Bernanke’s pledge to leave rates unchanged contributed to the comeback. We’ll now get rate outlooks in Australia.