The euro fell as much as 0.5% against the dollar to a low of 1.1183 in early Asian trading on Monday, before paring some losses. Meanwhile, French government bond futures dropped as much as 52 basis points in early trading. The sell-off was primarily driven by two factors: Ukrainian President Volodymyr Zelenskyy publicly accused Donald Trump of pressuring Kyiv to compromise with Russia; and widespread protests in multiple French cities escalated into clashes with police, becoming one of the country's most severe street violence incidents in years. The unrest in France comes as the National Assembly is reviewing next year's budget, which includes €43 billion in fiscal consolidation measures, further exacerbating market concerns about Europe's geopolitical risks and fiscal outlook.