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-NZD/USD held post-GDP gains throughout the...>

FOREX
FOREX: -NZD/USD held post-GDP gains throughout the European and US sessions,
putting the pair on course for a close above the 50-dma for the first time since
early April. NZD/USD now sits on gains of close to 3%, having rallied for 7 of
the past 8 sessions.
-Elsewhere in G10, GBP performs well on retail sales numbers, which followed
higher CPI numbers Wednesday by coming in higher than expected. Firm demand for
household goods helped August sales rise vs. expectations of a fall. GBP/USD
rallied through Wednesday's highs and looks on track to close above the 100-dma.
-JPY was the poorest performer across G10 as the revival of risk appetite, with
equities rallying sharply on both sides of the pond. The S&P500 touched an
all-time high, helping US10yr yields briefly touch the highest since mid-May.
This fed through to USD/JPY, dragging USD/JPY through the September highs and on
course to re-test July's best levels of Y113.17.
-Friday focus turns to Japanese and Canadian CPI and September PMIs from across
the Eurozone.

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