The dollar rises as investors expect the position of the US Reserve to remain unchanged

The dollar recovered, on Wednesday, from recent losses, as investors considered that the Federal Reserve (the US central bank) is likely to stick to its stance of monetary tightening by raising interest rates and will not change it, while the euro and sterling fell by at least one percent.

The euro fell one percent to $0.9892 and is on track to record its biggest one-day percentage loss since Sept. 23, after rising 1.7 percent on Tuesday.

The British pound fell 1.1 percent to $1.1344, after rising for six consecutive sessions.