Artuji

The US dollar slipped Monday morning as investors wait for more details on the Dubai debt crisis.

In other currencies, the 16-nation euro rose to $1.5015 from $1.4954 late Friday, while the British pound dipped to $1.6416 from $1.6479. The dollar fetched 86.26 Japanese yen from 86.70 yen.

Last week, Dubai World, the main investment arm of Dubai, asked to defer payments on $60 billion of debt for six months. This triggered fears of a massive debt default touching off a crisis.

However, a weekend statement from the United Arab Emirates said that it would make extra money available to all banks in the country to help calm investors. Later on Monday, however, a Dubai finance official said the government would not guarantee the company’s debts.