Hurricane Dorian's wind speeds continued to slow overnight, with the National Hurricane Center downgrading the storm to Category Two status and it inched "dangerously" along Florida's northeast coast 

Dorian is now carrying wind speeds of around 105 miles per hour and is located about 90 miles east of Daytona Beach, Florida, the NHC said, and is expected to weaken further over the next two days, although it is still considered a "powerful hurricane" capable of leaving billions in damages in its wake. Tropical Storm and Storm Surge warnings, however, remain in place between Georgia and Virginia, and Hurricane-force winds from Dorian's center could extend as far as 60 miles inland, the NHC cautioned.

"A turn toward the north is forecast by this evening, followed by a turn toward the north-northeast on Thursday morning," the NHC said. "On this track, the core of Hurricane Dorian will move dangerously close to the Florida east coast and the Georgia coast through tonight. The center of Dorian is forecast to move near or over the coast of South Carolina and North Carolina Thursday through Friday morning."

Officials in the Bahamas, meanwhile, are now focused on the region's recovery after Dorian left severe flooding and billions in damages across the islands in what Prime Minister Hubert Minnis called "one of the greatest national crises in our country's history."

The International Red Cross has estimated that as many as 13,000 homes were damaged by the storm, which hit the islands with Category Five wind speeds of more than 165 miles per hour, a pace tied with the second-strongest on record.