According to Bloomberg.com
The European currency fell versus 13 of its major counterparts as social disorder may damp growth and deter investment in euro-denominated assets. The euro extended losses after sliding past last year's low against the dollar, a level at which traders placed pre-set orders to sell the currency.
``The riots in France will have impacted confidence over Europe and we're also seeing key technical levels being broken, pushing the euro lower,'' said Paul Mackel, a currency strategist at ABN Amro Holding NV in London. ``The market may have jumped the gun in expecting the ECB to raise rates, so that's negative for the euro.''