Euro climbs to more than one-year high after hawkish central bank comments
London — The euro surged to its highest in more than a year on Thursday, while bond yields and global shares also climbed, as a slew of hawkish comments from central banks signalled the era of easy money might be coming to an end for more than just the US. The dollar touched its lowest since October — before Donald Trump was elected US president — against its broad index, as investors shifted to the view that the US Federal Reserve might not be the only game in town when it comes to higher interest rates. In Britain, Bank of England (BoE) governor Mark Carney surprised many by conceding an increase was likely to be needed as the economy came closer to running at full capacity. That sent sterling surging, with the currency coming within a whisker of $1.30 on Thursday for the first time in five weeks. The Bank of Canada went further, with two top policy makers suggesting they might tighten as early as July. That followed comments earlier in the week from European Central Bank (ECB) pr...
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