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Forex in 60 Seconds - NZDUSD The Top Mover In A Volatile Day, Light Fundamentals For Friday
Thursday, 22 May 2008 21:46:22 GMT  |  John Kicklighter, Currency Analyst
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 ·          Kiwi dollar surges on expectations income tax cut will defer RBNZ rate cuts; but can it really stoke consumer spending?
 ·          Discretionary spending falters for both the UK and Canadian retail sales reports marring the upside headline surprises.

Stories to watch on DailyFX

·          With the pound building bullish momentum, will a GDP revision be enough of a fundamental boost for a Friday?
·          Existing home sales will mark the true turn for the US housing market; but economists don't see it happening with tommorrow's data.

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