| As the New Zealand dollar trades within striking distance of its post-float high, the trade that's been on fire since mid-2013 looks unstoppable, analysts told CNBC. The kiwi was trading around $0.8820 early Thursday, just short of its post float all-time high of $0.8842 hit on August 1 2011, boosted by the move by credit rating agency Fitch to reaffirm the country's AA rating and upgrade its outlook to positive from stable on Tuesday.
"As one of the only two currencies with any appreciable yield in the advanced industrialized universe, the kiwi has been the darling of the yield chasers and the upgrade by Fitch will only serve to reinforce its strength," said Boris Schlossberg, managing director of BK Asset Management...............................................Full Article: Source
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