- Dollar gains
- Sterling falls after rising for six sessions
- NZ move dims hopes of slowdown in rate rises globally
NEW YORK, Oct 5 (Reuters) – The dollar rebounded from recent weakness on Wednesday as investors viewed the U.S. Federal Reserve’s aggressive stance on interest rates as likely unchanged, with the euro and sterling down at least 1% each.
The euro was down 1% at $0.9892, and was set for its biggest daily percentage slide since Sept. 23, after rising 1.7% on Tuesday.
Sterling was down 1.1% at $1.1344 after rising for six straight sessions. Its fall extended slightly as UK Prime Minister Liz Truss pledged to bring down debt as a share of national income, just over a week after the government’s plans to slash taxes and ramp up borrowing spooked markets.
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Adding to the pressure on the pound, data showed Britain’s private-sector economy last month suffered the sharpest…
