The euro traded higher against the dollar Wednesday after European Central Bank President Mario Draghi told members of the European Parliament that the central bank stands ready to expand its program of quantitative easing.The euro EURUSD, +0.0358% traded at $1.1205 late Wednesday in New York, up 0.5% from $1.1130 late Tuesday in New York, according to FactSet data.
Meanwhile, official data released Wednesday morning Beijing time showed China’s manufacturing sector had its worst month since the global financial crisis. The data weighed on commodity-linked currencies like the Australian dollar AUDUSD, -0.1285% and Brazilian real.
The Aussie was the day’s worst-performing major currency, trading at 69.99 cents late Wednesday, down 1.3% from 70.81 cents late Tuesday.
The real USDBRL, +0.0215% hit an all-time low of 4.14 real to the dollar after breaking below the key level of four real to the dollar on Tuesday.
The ICE U.S. Dollar index DXY, -0.08% a measure of the dollar’s strength against a basket of currencies, was flat at 96.2330.
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