The U.S. dollar traded higher against the most major currencies despite the weaker-than-expected number of initial jobless claims and the U.S. preliminary manufacturing purchasing managers' index (PMI).

The number of initial jobless claims in the week ending October 18 in the U.S. rose by 17,000 to 283,000. The previous week's figure was revised to 266,000 from 264.000. Analysts had expected an increase to 269.000.

The U.S. preliminary manufacturing purchasing managers' index declined to 56.2 in October from 57.5 in September, missing expectations for a decline to 57.2.

The euro traded lower against the U.S. dollar. Eurozone's consumer confidence fell to -11.1 in October from -11.4 in September, beating forecasts for a decrease to -12.

Eurozone's preliminary manufacturing purchasing managers' index (PMI) rose to 50.7 in October from 50.3 in September, beating expectations for a decline to 50.0.

Eurozone's preliminary services PMI remained unchanged at 52.4 in October, beating forecasts of a decrease to 52.0.

Germany's preliminary manufacturing PMI climbed to 51.8 in October from 49.9 in September, beating forecasts of a fall to 49.6.

Germany's preliminary services PMI fell to 54.8 in October from 55.7 in August, missing forecasts of a decline to 55.0.

France's preliminary manufacturing PMI declined to 47.3 in October from 48.8 in September, missing expectations for a decrease to 48.6.

Germany's preliminary services PMI decreased to 48.1 in October from 48.4 in August, missing forecasts of a fall to 48.2.

The British pound traded slightly higher against the U.S. dollar. In the morning trading session, the pound declined against the greenback after the disappointing retail sales from the U.K. Retail sales in the U.K. fell 0.3% in September, missing expectations for a 0.1% decrease, after a 0.4% gain in August.

That data could mean that the economy in the U.K. is losing momentum, and the Bank of England may delay its interest rate hike.

The Confederation of British Industry released its industrial order books balance. The CBI industrial order books balance fell to -6% in October from -4% in September, missing expectations for an increase to -3%. That was the lowest level since July 2013.

The New Zealand dollar fell against the U.S. dollar. In the overnight trading session, the kiwi dropped against the greenback after the consumer price inflation from New Zealand. New Zealand's consumer price inflation climbed 0.3% in the third quarter, missing expectations for a 0.5% rise, after a 0.3% gain in the second quarter.

On a yearly basis, the consumer price index in New Zealand rose 1.0% in the third quarter, after a 1.6% increase in the second quarter.

That could mean that the Reserve Bank of New Zealand may delay its interest rate hike.

The Australian dollar declined against the U.S. dollar. The National Bank of Australia's business confidence index remained unchanged at 6 points in the third quarter.

The Japanese yen dropped against the U.S. dollar. Japan's preliminary manufacturing purchasing managers' index increased to 52.8 in October from 51.7 in September, exceeding expectations for a rise to 52.1.