Euro extends losses versus dollar, falls below $1.30

NEW YORK Thu Dec 6, 2012 8:35pm IST

Coal Mining In The Punjab

Coal Mining In The Punjab

In Choa Saidan Shah miners dig coal with crude pick axes and load it onto donkeys to be transported to the surface earning a team of 4 workers around $10 to be split between them.  Slideshow 

NEW YORK Dec 6 (Reuters) - The euro extended its declines against the dollar to trade below $1.30 on Thursday after comments from European Central Bank President Mario Draghi stoked expectations of an interest rate cut.

The euro fell as low as $1.2987 on Reuters data, with losses accelerating after a break below $1.30. It was last at $1.2992, down 0.6 percent on the day.

Against the yen, the euro slid to 107.03 yen, down 0.7 percent on the day.

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