Analysts expect the Euro this week to hit Us $ 1.4968 like on Nov. 23rd.
The Dollar will likely weaken against the yen.

Several are the reasons why the Greenback is loosing ground:

Disppointing Economic Data
Record Breaking Oil
Gold Prices
Surge Commodity Prices
Slow US Groeth
Inflation
Housing Downturn
EU and England Banks are going to keep the rate steady