In European trading, the euro fell against the US Dollar, trading below the 1.0510 mark.
The upcoming interest rate decision by the ECB today is creating downward pressure on the pair as the probability of an interest rate cut is very high. In Europe, the European Central Bank will meet to decide on interest rates (3.15% expected) at (13:15 GMT). In the US, Initial Jobless Claims data (221k exp) and PPI Inflation data for November (0.2% exp) will be released (13:30 GMT).