News Headline Summary

New Zealand's finance minister says the government is committed to returning to surplus by 2014/15

Says:

- New Zealand unemployment rate is too high.
- NZ exchange rate is higher than we are comfortable with.

Update details:

- As a guide unemployment in New Zealand for Q3 currently stands at 7.3%.

Reaction details:

- No reaction seen in NZD/USD to the comment, currently trading at 0.8191 (+17 pips) last.

Print 21:09, 13 Nov 2012 - Economic commentary - Source: Newswires