By Deborah Levine
NEW YORK (MarketWatch) -- The dollar turned up Wednesday after U.S. stocks opened in negative territory and fell further in early trading, sending the euro under $1.30 in thin trading volume. "As the U.S. equity market opens lower, it seems as though market participants are scaling back on risk-taking behavior, and we may see the reserve currency extend the advance from earlier this month as it continues to benefit from safe-haven flows," said David Song, a currency analyst at DailyFX. The euro EURUSD -0.59% fell to $1.2989, from $1.3074 in North America late on Tuesday. The dollar index DXY +0.50% , a measure of the greenback's performance against six major currencies, rose to 80.206, compared to 79.792. The British pound GBPUSD -0.94% also extended declines and the dollar pared losses against the Japanese yen USDJPY -0.12% and Canadian dollar USDCAD +0.01% .
