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TOKYO, July 25 (Reuters) cheap jordan melo m7 - The dollar dipped in Asia on Monday as U.S. lawmakers had yet to reach a deal to raise the country's debt ceiling with only a little over a week remaining before the deadline to avert a default.

Most investors still assume that sanity will reign in Washington and a debt deal will be done, but the lack of progress in talks over how to cut the U.S. budget deficit is making market players nervous. 

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 The Australian dollar slipped 0.2 percent to $1.0820 in a knee-jerk "risk-off" reaction to the U.S. debt problems as share prices fell across the region. U.S. stock futures fell 1.1 percent SPc1.

But some analysts said the Australian dollar and other commodity currencies could gain, should a full-fledged reallocation out of the United States gather steam, considering that the euro has its own problems and the yen could be next in the line of debt crises given Japan is the most indebted country air jordan flight 9 in the developed world.