The euro declined to its lowest level since August 6, driven primarily by broad-based US dollar strength and month-end fund flows.

EUR/USD fell as much as 0.6% to 1.1578, with European traders reporting that stop-loss orders below 1.1620 and 1.1580 were triggered.

Traders noted that additional leveraged trading stop losses could be triggered below 1.1550, while month-end fund flows continued to weigh on the euro.

GBP/USD declined 0.4% to 1.3431, with the 21-day moving average providing support at 1.3424.

Some information was sourced from forex traders familiar with trading conditions.