Likely more noise more than anything else
The Fed has that the economic situation is starting to worsen a little and cast a bit of a dark cloud over the outlook in 2H 2020, considering the fact that the virus situation was escalating rather rapidly across the US last month.

Latest data from the Mortgage Bankers Association for the week ending 14 August 2020
–  +6.8%
– Market index 824.5 vs 852.8 prior
– Purchase index 308.9 vs 306.6 prior
The drop in the past week was largely due to a fall in refinancing activity, following the record low long-term mortgage rate seen last week. What stands out more

All eyes stay on North American trading once again, with the July FOMC meeting minutes also a key focus point today
Elsewhere, gold is keeping under $2,000 to start the day and tested its 200-hour moving average near $1,980 at the start of the session. But buyers defended the level and price action has kept around