The euro has clawed back against the dollar after the European Central Bank made more credit available amid persistent worries about European debt, according to AP. The 16-nation currency traded at $1.2103 early Friday, up from the $1.2095 it bought in New York overnight. On Thursday the ECB left its interest rate untouched at one percent, but said it would offer banks limited three-month loans to encourage lending. Fears of a freeze in bank lending have driven investors to seek the perceived safety of the dollar. In other currencies, the British pound rose to $1.4722 from $1.4702 overnight, while the dollar climbed to 91.57 Japanese yen from 91.20 yen.
