The IBD/TIPP consumer optimism survey slipped back to 48.7 in October from 52.5 in September
While the link between consumer confidence and retail sales is tenuous, the market remains concerned that the US consumer will keep his wallet in his pocket, keeping the US economic recovery muted. US retail sales for September are set for release tomorrow, it should be noted.
EUR/USD has dipped below 1.4810 on the headline, now at 1.4807.
