FOREX-US dollar deepens losses vs euro, falls 2 percent

(Updates with latest market move)

NEW YORK, Sept 22 (Reuters) - The U.S. dollar extended losses on Monday, falling 2 percent against the euro to a fresh three-week low, weighed down by worries about the fiscal impact of the U.S. government's $700-billion bailout plan aimed at addressing the global credit crisis.

The euro EUR= rose as high as $1.4775 versus the dollar, the highest since late August, according to Reuters Dealing, and down 2.1 percent on the day. That was the largest one-day rise since January 2001.

Also accelerating the euro's rise were stops taken out above $1.4728, traders said. (Reporting by Gertrude Chavez-Dreyfuss; Editing by James Dalgleish)