RPT-Euro extends losses, sheds 1 pct vs U.S. dollar

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Tue Nov 17, 2009 11:54am EST

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NEW YORK Nov 17 (Reuters) - The euro fell 1 percent against the dollar on Tuesday amid broad strength in the U.S. currency.

Comments on Monday from U.S. Federal Reserve Chairman Ben Bernanke on the dollar contributed to a dulling of risk appetite and caused investors to cut bets against the dollar and in favor of higher-yielding currencies and assets.

The euro was last down 1 percent at $1.4812 EUR= and was on track for its biggest one-day decline since August. (Editing by James Dalgleish)

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