Dollar upended by rates reversal, stocks unfazed for now

SYDNEY (Reuters) - The dollar shuddered to its lows for the year on Thursday as a drumbeat of hawkish comments from major central banks signalled the era of easy money might be coming to an end for more than just the United States. Support for the dollar eroded as investors realised the U.S. Federal Reserve might not be the only game in town when it came to higher interest rates. In Britain, Bank of England Governor Mark Carney surprised many by conceding a hike was likely to be needed as the economy came closer to running at full capacity. The Bank of Canada went further, with two top policymakers suggesting they might tighten as early as July. That followed comments earlier in the week from European Central Bank President Mario Draghi that stimulus might need to be toned down so it does not become more accommodative as the economy recovers. Financial Astrology Tips

ECB sources tried to hose down the talk but could not stop the euro hitting a one-year high against the U.S. dollar. "If we want to know what the ECB is planning, we will choose a carefully scripted Draghi speech over anonymous sources every time," said Westpac currency strategist Sean Sallow. "Backed by the Eurozone's strong current account surplus and the contrast with a Fed which could pause on rate hikes for a while, the euro looks to be on target for $1.1500-1.1600." On Thursday, the single currency had already pressed on to $1.1409 having climbed three percent in as many days. Astrology and Numerology Trading Tips