The Euro hit a three-week low and triggered short-term stop-loss orders.

The euro fell to its lowest level since August 6th, with the main reasons being the overall strength of the US dollar and end-of-month fund flows. The euro against the dollar briefly fell by 0.6% to 1.1578; European traders said stop-loss orders below 1.1620 and 1.1580 were triggered. Traders: More leveraged stop-loss orders may be triggered below 1.1550; end-of-month fund flows weigh on the euro. The British pound against the dollar fell by 0.4% to 1.3431; the 21-day moving average support is at 1.3424.