Euro to South African Rand Exchange Rate Falls as Risk Sentiment Improves | Euro Exchange Rate News
The Euro to South African Rand fell today, with the pairing currently fluctuating around R18.16. The South African Ran rose today as demand for riskier assets has risen ahead of tomorrow’s US presidential inauguration of President-elect Joe Biden. As a result, demand for the safe-haven US Dollar has slipped, spiking demand for risk-sensitive currencies as markets await policies from the incoming Joe Biden administration. Analysts at Reuters were downbeat about the outlook for the South African economy, however, commented: ‘The [South African Rand] has mainly taken its cue from global driv...
Source: euroexchangeratenews.co.uk