US: Consumer Confidence Index declines to 102.5 in October

The data published by the Conference Board showed on Tuesday that the Consumer Confidence Index declined to 102.5 in October from 107.8 in September (revised from 103.2). This reading came in worse than Reuters' estimate of 105.9.

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Market reaction

The dollar selloff picked up steam with the initial reaction to the disappointing sentiment data and the US Dollar Index was last seen losing 1.1% on the day at 110.78.