In the US, Consumer Price Index (CPI), value the consumer’s price change of goods and services, due to reduce by 0.3% this month, while the Core CPI (apart from food and energy) is expected to remain 0.1% similar to the last report.

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.

In the US, FOMC Minutes (Federal Open Market Committee), 8 yearly meetings to evaluates financial, monetary conditions and how it affects the price growth.

Employment figures were very disappointing in Australia – instead of gaining jobs, the economy lost over 22,000, and this hurt the Aussie significantly. This is an internal worry, different from the external blow the Aussie got from Trichet’s blow to commodity prices.

In the US, the Conference Board (CB) Consumer Confidence, Survey of about 5,000 households to rate the relative level of current and future economic conditions, is due to be 61.5 points. Financial confidence. Financial confidence accounts for a majority of overall economic activity.

The Australian dollar enjoyed an upbeat view on the economy in the meeting minutes. Glenn Stevens, the head of the RBA, will have another chance to rock the currency now.

In the US, Consumer Price Index (CPI), price of goods and services purchased by consumers is about to rise by 0.2% & the Core CPI (excluding food and energy) is about to rise by 0.1%.  Account for a majority of overall inflation.

In the US, Producer Price Index (PPI), price of finished goods and services sold by producers is about to rise by 0.3% and the Core PPI (excluding food and energy) is about to rise by 0.1%. Leading indicator of consumer inflation.