Although the fears of the Fed hawks’ return and downbeat AUD/USD are high, the Federal Reserve (Fed) officials’ two-week ahead of the monetary policy meeting may probe the bears.

Though, the US Consumer Price Index (CPI) for February, up for publishing on Tuesday, will precede the Retail Sales and preliminary readings of the Michigan Consumer Sentiment Index for March, up for publishing on Wednesday and Friday, will be crucial for traders to watch.

At home, the latest dovish hike of the Reserve Bank of Australia (RBA) may gain attention if Thursday’s headline Aussie employment data and RBA Bulletin print downbeat outcomes.