Fed’s Fischer: Sound monetary policy can boost confidence in economic growth

"Sound monetary policy can boost confidence in economic growth," Federal Reserve Vice Chairman Stanley Fischer said on Monday, as reported by Reuters.

Key quotes (via Reuters):

  • Monetary policy can push equilibrium rate higher by boosting confidence in growth outlook
  • U.S. companies are likely holding back on investing in their businesses due to an uncertain outlook for government policies
  • Uncertainty over the outlook for health care, regulation, taxes, and trade could prompt firms to delay projects until the policy environment is clearer

AUD/USD consolidates below 0.80 handle, awaits RBA for fresh impetus

The AUD/USD pair remained under some selling pressure through early NA session and is currently placed at session lows around the 0.7965-60 region. 
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United States Chicago Purchasing Managers' Index came in at 58.9 below forecasts (61) in July

United States Chicago Purchasing Managers' Index came in at 58.9 below forecasts (61) in July
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