Dollar down after 10-week rally, euro gains capped

SINGAPORE, Sept 23 (AFP): The dollar slipped in Asia Tuesday following a 10-week rally, while gains in the euro were capped by concerns about slackening European economic growth.

The greenback bought 108.74 yen in Singapore afternoon trade against 108.94 yen in New York late Monday. The euro rose to $1.2851 from $1.2850, while slipping to 139.72 yen from 139.78 yen.

Japanese financial markets are closed for a public holiday.

The dollar's upward momentum has taken a breather after last week hitting highs above 109 yen not seen since August 2008.