The Dollar traded at $1.4874 against the EUR in today's early trading from $1.4861 in New York yesterday, when it touched $1.4909, the weakest level since Oct. 27. The Dollar traded at 90.82 yen from 90.72 Yen Wednesday.

The USD is expected to extend declines against its major counterparts ahead of Friday's Non Farm Employment report forecasted to show U.S. employers cut fewer jobs in October than in September, damping demand for the U.S. currency as a refuge as economic sentiment continues to improve. The unemployment rate may rise to 9.9%, from 9.8%.

Looking ahead to today, the Dollar's movements will likely be affected by the Central Bank statements from the U.K and Euro-Zone, however, the release of the Unemployment Claims at 13:30 GMT will likely have an affect on Dollar sentiment as well.