Following Bernanke's speech the USD weakened, and we expected it to continue to be softer if equities and financial markets extend the move from Friday in favor of risk-on sentiment. Bernanke walked a fine line, both being optimistic about the 2nd half, and helping give markets some calm, but also holding out the hope of more stimulus if macro data disappoints. This week, we have key data in the form of the August non-farm payroll report as well as the ISM Manufacturing Index. The US also releases second-tier indicators including personal spending, consumer confidence and pending home sales.