LONDON, Feb 10: The dollar slipped lower against the euro and yen in nervous trading on Tuesday with investors pessimistic over US schemes to shore up the country’s troubled banking sector and wider economy, dealers said.

In late London trade, the European single currency rose slightly to $1.3046 from $1.3002 in New York late on Monday.

Against the Japanese currency, the dollar dropped to 90.65 yen from 91.45 yen on Monday. The euro strengthened on Tuesday to 1118.99 yen from 118.90 on Monday.

Thomas Stolper, an economist at Goldman Sachs, attributed the euro’s strength to profit taking by investors who sold the pound, which fell to 86.50 euros from 89, ending an earlier surge.—AFP