· Kiwi dollar surges on expectations income tax cut will defer RBNZ rate cuts; but can it really stoke consumer spending?
· [Discretionary spending falters](javascript:void(0);/1211493293739/) for both the UK and Canadian retail sales reports marring the upside headline surprises.
[B]Stories to watch on DailyFX[/B]
· 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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