The euro fell against major currencies after large-scale protests broke out in multiple European locations.

In the Asian morning trading session, the euro fell against G10 currencies amid widespread weekend protests in Europe and escalating Russia-Ukraine tensions. EUR/USD dropped 0.5% to 1.1186. Dragged down by the weaker euro, Eastern European currencies underperformed other emerging market currencies. USD/PLN rose 0.5% to 3.9071; USD/HUF rose 0.5% to 324.88; USD/BGN rose 0.5% to 1.7485. Protests in multiple French cities escalated into clashes between police and demonstrators, erupting into the country's worst street violence in years, with looting and landmark buildings set on fire. Demonstrations broke out successively in several European countries, with France seeing the largest scale, while Belgium, Italy, and Portugal were also affected.