LONDON, Nov 18: The dollar slipped on Tuesday against the euro, erasing earlier gains due to weak US pricing data, but the chairman of the US Federal Reserve insisted the US remained the premier world currency.

In late London trade, the euro rose to $1.2687 from $1.2645 dollars late in New York on Monday.

The dollar firmed to 97.34 yen from 96.35.

In testimony to Congress, Fed chairman Ben Bernanke insisted that the dollar's status as the “premier” international currency had been reinforced by the global credit crisis.—AFP