The U.S. dollar traded mixed against the most major currencies. No major economic reports will be released in the U.S. today.

The euro traded higher against the U.S. dollar. Earlier, the euro dropped against the greenback due to the weaker-than-expected the weaker-than-expected ZEW economic sentiment data. The ZEW released its economic sentiment index for Germany and the Eurozone today. The economic sentiment index for Germany dropped to -3.6 in October from 6.9 in September, missing expectations for a decrease to 0.2.

The economic sentiment index for the Eurozone fell to 4.1 in October from 14.2 in September, missing expectations for a decline to 7.1.

The ZEW economic sentiment data fuelled concern the Eurozone falls into recession.

Eurozone's industrial production fell 1.8% in August, missing expectations for a 1.5% decline, after a 0.9% gain in July. July's figure was revised down from a 1.0% increase.

France's consumer price index declined to an annual rate of 0.4% in September from 0.5% in August, in line with expectations.

The British pound traded mixed against the U.S. dollar. In the morning trading session, the pound plunged against the greenback due to the weaker-than-expected consumer price inflation in the U.K. The U.K. consumer price index declined to 1.2% in September from 1.5% in August, missing forecasts of a fall to 1.4%. That was the lowest level since September 2009.

The drop was driven by lower energy and food prices. Fuel prices decreased 6% in September, while food prices fell 1.5%.

The consumer price inflation data could mean that the Bank of England will delay its interest rate hike.

The Swiss franc traded higher against the U.S. dollar. In the morning trading session, the Swiss franc declined against the greenback. Swiss producer and import prices declined 0.1% in September, missing expectations for a 0.3% gain, after a 0.2% drop in August.

The New Zealand dollar traded mixed against the U.S. dollar. In the overnight trading session, the kiwi increased the greenback as the People's Bank of China lowered a 14-day repo rate. That could be signs that China's central bank is willing to boost the economy. Bloomberg reported that the People's Bank of China sold 20 billion yuan of 14-day repurchase agreements at 3.4% (a 14-day repo rate was 3.5% last week).

No major economic reports were released in New Zealand.

The Australian dollar traded mixed against the U.S. dollar. The National Australia Bank's business confidence index fell to 5 in September from 7 in August. August's figure was revised down from 8.

The RBA assistant governor Guy Debelle said at the Citi Annual Australian and New Zealand investment conference in Sydney that the Aussie was still too high despite the decline in September. He also said that the next sell-off in global fixed-income markets could be "relatively violent".

The Japanese yen traded lower against the U.S. dollar in the absence of any major economic reports in Japan.