Dollar rises against euro amid China market turmoil

The dollar rose Tuesday as US stocks fell for the sixth straight session on worries about China's economy and market volatilityThe dollar rose Tuesday as US stocks fell for the sixth straight session on worries about China’s economy and market volatility. With Wall Street stocks tumbling, the dollar’s rebound from steep losses Monday came under some pressure. China stepped up efforts to stem an equities rout that has run since June, including fresh interest rate cuts that take effect Wednesday, but Shanghai shares plunged 7.6 percent Tuesday, adding to an 8.5 percent drop the day before.

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