The U.S. dollar floundered at three-week lows against a basket of major currencies on Thursday, after the Federal Reserve did little to alter the perception that the central bank will be deeply committed to a dovish policy stance. While the Fed's policy meeting turned out to be a bit of an anti-climax to many market players, the fall in euro zone sovereign yield spreads overnight also helped to push the euro up above its peak last week to test major resistance levels. The dollar index .DXY stood at 79.063, having fallen as low as 78.995 after Fed Chairman Ben Bernanke said the central bank would not hesitate to ... (full story)