FOREX-Euro extends losses, falls 1 percent vs dollar

NEW YORK Nov 12 (Reuters) - The euro extended losses on Thursday, falling 1 percent against the dollar as investors pared trades in higher-yielding, higher-risk currencies and assets.

The euro was down 1 percent at $1.4836 EUR=, around its session low, as U.S. stock indexes also extended losses on the day.

The dollar tends to gain when investors grow more risk averse as many seek temporary safety in dollar-denominated assets or simply buy back the U.S. currency as they exit trades in other assets financed with cheaply borrowed dollars. (Reporting by Steven C. Johnson; Editing by James Dalgleish)