(Reuters) - The dollar fell toa new two-week lows on Mon as talk of more U.S. interest rate cuts enhanced the euro’s yield advantage, as the yen benefited from a reluctance to hold risky positions over the holidays. In Asian trading, the euro was at $1.4736 EUR , compared to $1.4714 in New York late Friday and just off a 2 week high of $1.4747. The dollar also fell to 111.97 yen JPY, from 112.63 on Friday.
The dollar was still hurting from weak U.S. new home sales data out on Friday which only added to speculation the Federal Reserve would have to cut rates further next year, perhaps several times