LONDON, July 21: The dollar slipped back against the euro and yen in European trade on Monday as players took quick profits amid persistent concerns over the outlook for the US economy and the banks, analysts said.

They said better-than-expected second quarter results from Bank of America provided some support but this faded after the latest Conference Board survey showed a drop of 0.1 per cent in June, suggesting difficult US conditions for the remainder of the year.

“The domestic economy is showing no sign of strength,” said Ken Goldstein, economist at the Conference Board.

In late deals, the European single currency rose to $1.5874 from $1.5846 in New York late on Friday.

Against the Japanese currency, the dollar fell to 106.80 yen from 106.95.

On the London Bullion Market, the price of gold edged up to $960.50 per ounce from $959.75 late on Friday.—AFP