NEW YORK -- The dollar strengthened against most of its rivals, taking advantage of better-than-expected U.S. economic data, continued worry over euro-zone sovereign debt and concern that a slowing Chinese economy could dent a global recovery.
The euro recovered from an overnight four-year low but remained down more than 0.2% after the European Central Bank warned the region's banks would face "considerable" loan losses, sparking fears of the sovereign-debt crisis infecting the financial sector.
Worse-than-expected Chinese economic data released overnight led investors out of currencies closely tied to global growth prospects, denting the commodity-backed dollar bloc, which includes the Australian ...
