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Dollar rallies as weak economic data sinks euro

By Harry Robertson LONDON (Reuters) – The dollar rose on Tuesday after briefly falling to a one-month low on the back of a drop in U.S. bond yields, as weak economic data sent the euro sliding. Survey data showed that euro zone business activity took a surprise turn for the worse this month in a broad-based downturn across the region, suggesting the bloc may slip into recession. The euro reversed course and was last 0.43% lower at $1.0624, having traded roughly 0.1% higher at $1.0684 before the data was released. German data was particularly glum. The purchasing managers’ index survey showed t…