US consumer sentiment fell to 57.6 in October from 70.3 in September as measured by the University of Michigan. Expectations were for a slide to 57.8, so it was pretty close to the mark.

The dollar seems fairly well underpinned despite poor US data. Month-end dollar demand seems to be the overriding factor today. Dealers note particularly large offers in EUR/USD coming into the market around the 1.2720 level. USD/JPY is back yup to 98.25.