Forex strategy : Dollar Falls on Larger-than-forecast Drop in New-home Sales

In NY trading Thursday, the greenback traded near an all-time low versus the euro on a larger-than-forecast slump in August’s US new-home sales, increasing speculation the Federal Reserve will cut interest rates for a second time this year. The yen fell against most key currencies on a renewed interest in carry trades. Sterling advanced as a report showed UK house prices rose at the fastest pace in 3 months in September. The Canadian dollar rose for the first time in 4 days on speculation a