May 30, 2012 / 2:47 PM / 5 years ago

Euro extends losses vs dollar, falls below $1.24

NEW YORK, May 30 (Reuters) - The euro extended losses against the dollar on Wednesday to trade below $1.24 as Italian borrowing costs soared and concerns mounted over Spain's banking sector.

The euro slid as low as $1.2387 on Reuters data, the lowest since July 1, 2010. It was last down 0.8 percent at $1.2402.

Losses in U.S. stocks added to the risk-off tone in markets.

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