By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar dropped on Wednesday, taking a breather from recent gains, as investors consolidated positions and looked to economic data this week and the Federal Reserve policy meeting next week for more clues about the start of the easing cycle. The currency, however, cut its losses after data showed business activity in the world’s largest economy picked up in January and a measure of inflation eased. A gauge of prices charged by companies for their products fell to the lowest level in more than 3-1/2 years, data showed. Investors are now lo…

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