Depends on how sensitive your daughter is. ALL hardwood flooring contains formaldehyde. It's a product of nature.
Glues used in engineered hardwood, if urea-formaldehyde based, will outgass much more formaldehyde than natural wood. Phenol-formaldehyde or no-added-formaldehyde adhesives will emit almost none. Politely disagreeing with dennis, a number of US and European hardwood companies still use UF adhesive in engineered wood. Even so, over time outgassing will decline--it's worst at the beginning.
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