Dollar stumbles, but losses seen short-lived

March 16, 2017 By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar dropped to a five-week low against a basket of currencies on Thursday, still reeling from the previous session, when a statement from the U.S. Federal Reserve failed to signal a much faster pace of monetary policy tightening. The Fed on Wednesday lifted the target overnight interest rate by 25 basis points to a range of 0.75 percent to 1.00 percent, but stuck to its original forecast of three rate increases this year. Investors were expecting four rate hikes…

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