FXstreet.com (Barcelona) - U.S. Conference Board's Consumer Confidence Index has dropped to 47.7 in October from 53.4 in September, against market expectations of a slight increase to levels around 54.6. The Dollar has risen across the board on risk aversion.

EUR/USD which was on its way down from 1.4925 testing Oct 26 low at 1.4845, has plunged to levels below 1.4800 after U.S. data was released, and the Euro trades, at the moment at 1.4785.

GBP/USD reversal from 1.6440 intra-day high has extended below 1.6350, as the Pound lost about 50 pips on consumer confidence data to reach 1.6315 so far.

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