Foreign exchange market. American session: the U.S. dollar traded higher against the most major currencies after the better-than-expected Reuters/Michigan consumer sentiment index

The U.S. dollar traded higher against the most major currencies after the better-than-expected Reuters/Michigan consumer sentiment index. The index rose to 86.4 in October from 84.6 in September, beating forecasts of a decline to 84.3.

Housing starts in the U.S. climbed 6.3% to 1.017 million annualized rate in September from a 957,000 pace in August, in line with expectations. August's figure was revised up from 956,000 units.

Building permits in the U.S. increased 1.5% to 1.018 million annualized rate in September from a 1.00 pace in August, missing expectations for a rise to 1.04 million units.

The Federal Reserve Chair Janet Yellen didn't address the economic outlook or monetary policy in speech at the Conference on Economic Opportunity today and Inequality in Boston.

The euro traded lower against the U.S. dollar. Eurostat revised the economic growth figures. Eurozone's gross domestic product (GDP) grew 1.5% in the second quarter, exceeding expectations for a flat reading of 0.0%. The previous reading was 0.0%.

On a yearly basis, Eurozone's gross domestic product (GDP) fell 0.3% in the second quarter, missing expectations for a 0.7% rise. The previous reading was a 0.7% gain.

The British pound traded slightly lower against the U.S. dollar in the absence of any major economic reports from the U.K.

The Canadian dollar traded lower against the U.S. dollar after the Canadian consumer inflation data. Canadian consumer price inflation increased 0.1% in September, exceeding expectations for a flat reading, after a flat reading in August.

On a yearly basis, the consumer price index fell to 2.0% September from 2.1% in August.

Canadian core consumer price index, which excludes some volatile goods, climbed 0.2% in September, exceeding expectations for a 0.1% rise, after a 0.5% increase in August.

On a yearly basis, core consumer price index in Canada remained unchanged at 2.1% in September.

The New Zealand dollar traded lower against the U.S. dollar in the absence of any major economic reports from New Zealand.

In the overnight trading session, the kiwi briefly dropped against the greenback, but quickly recovered its losses as the Reserve Bank of New Zealand (RBNZ) released a wrong statement. The RBNZ released a repeat of an earlier statement on the exchange rate of New Zealand's currency.

Later, the RBNZ released a correct statement. The central bank will increase its currency basket to 17 from 5. The currency basket is used by the RBNZ to calculate the value of the kiwi.

The Australian dollar fell against the U.S. dollar in the absence of any major economic reports from Australia.

The Japanese yen traded declined against the U.S. dollar in the absence of any major economic reports from Japan. The yen remained supported by the demand for safe-haven assets. Worries about the global economy still weighed on markets.