The U.S. dollar traded higher against the most major currencies after the mostly better-than-expected U.S. economic data. The number of initial jobless claims in the week ending November 01 in the U.S. fell by 10,000 to 278,000. The previous week's figure was revised to 288,000 from 287.000. Analysts had expected a decline to 285.000.

Productivity in the U.S. non-farm businesses grew at a 2.0% annual rate in the third quarter, exceeding expectations for a 0.9% increase, after a 2.9% gain in the second quarter. The second quarter's figure was revised up from a 2.3% rise.

Unit labor costs increased 0.3% in the third quarter, missing expectations for a 1.0% rise, after a 0.5 decline in the second quarter. The second quarter's figure was revised down from a 0.1% fall.

The euro dropped against the U.S. dollar after the European Central Bank's (ECB) press conference. The ECB President Mario Draghi said at a press conference today that the central will add further unconventional measures stimulus measures, if needed. He reiterated that the ECB is willing to expand its balance sheet towards the levels of early 2012.

The ECB released its interest decision today. The central bank kept its interest rate unchanged at 0.05%.

Germany's adjusted factory orders rose 0.2% in September, missing expectations for a 2.2% increase, after a 4.2% drop in August. August's figure was revised up from a 5.7% fall.

The British pound fell against the U.S. dollar after the Bank of England's (BoE) interest rate decision. The BoE kept its interest rates unchanged at 0.5% and its asset purchase program unchanged at £375 billion. This decision was widely expected.

A slowdown of the global economic growth and signs that the UK's economic recovery is losing momentum could lead that the BoE will keep its interest rate unchanged for a longer period.

The National Institute of Economic and Social Research (NIESR) released its estimated gross domestic product (GDP) today. The estimated UK GDP grew by 0.7% in the three months to October, after a 0.7% growth in the third quarter.

The U.K. industrial production increased 0.6% in September, exceeding expectations for a 0.5% rise.

Manufacturing production in the U.K. climbed 0.4% in September, beating expectations for 0.3% gain.

The Canadian dollar traded lower against the U.S. dollar after the mixed Canadian economic data. Canada's Ivey purchasing managers' index declined to 51.2 in October from 58.6 in September, missing expectations for a rise to 59.2.

Building permits in Canada jumped 12.7% in September, beating forecasts of a 5.2% gain, after a 27.3% drop in August.

The Swiss franc decreased against the U.S. dollar. The SECO consumer climate index for Switzerland dropped to -11 in the third quarter from -1 in the previous quarter, missing expectations for a decrease to -4.

The New Zealand dollar traded lower against the U.S. dollar in the absence of any major economic reports from New Zealand.

The Australian dollar traded lower against the U.S. dollar. In the overnight trading session, the Aussie traded higher against the greenback after the mixed labour market data from Australia. The unemployment rate remained unchanged at 6.2% in October, missing expectations for a decline to 6.1%. September's figure was revised from 6.1%.

The number of employed people in Australia rose by 24,100 in October, beating expectations for an increase by 10,300, after a decline by 23,700 in September. September's figure was revised up from a decrease by 29,700.

The Japanese yen traded mixed against the U.S. dollar. In the overnight trading session, the yen traded higher against the greenback after the release of Bank of Japan's (BoJ) minutes of October board meeting. A few BoJ board members warned the core consumer price index temporarily may decline below 1.0%, depending on developments in energy prices.