Shares, dollar climb as markets play Fed waiting game

Britain's FTSE 100 , Germany's DAX and France's CAC had climbed 0.8 to 1.5 percent ahead of U.S. trading where Wall Street's main markets were expected to start 0.3-0.4 percent higher too. It was the Australian dollar that really caught the eye, however, as speculation about more rate cuts there triggered its heftiest fall in 4-1/2 years. "Everyone is worried about a June hike from the Fed," said Allianz Global Investors' emerging markets portfolio manager Shahzad Hasan.