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Fri, Nov 21 2008, 04:20 GMT

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Rates update: 2008-11-20

NZDUSD top mover and some Friday speculation

Posted on May-24-2008

Forex Video by John Kicklighter, Currency Analyst

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.