Euro extends losses versus dollar, falls below $1.30

NEW YORK Thu Dec 6, 2012 10:05am EST

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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.