ECB's second TLTRO and US retail sales, the two key events tomorrow – BBH

FXStreet (Barcelona) - The Brown Brothers Harriman Research Team shares the two key events which might put the USD on a stronger foot tomorrow, ECB’s second TLTRO and US retail sales.

Key Quotes

“We look for these two events to put the dollar on surer footing again. A low take down of the TLTRO would increase speculation of a sovereign bond buying program, while a stronger participation would not exclude it. At the same time, strength of US consumption (without much use of credit cards) when allowances are made for the drop in energy prices should underpin speculation that the Federal Reserve will drop or dilute the "considerable period" forward guidance.”