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Euro Technical Analysis: EUR/CHF, EUR/NOK, EUR/SEK Rates Outlook dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.
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 drivers so far this month, but this week South African-focused investors will look to a slew of economic data for clues on the health of the domestic economy in the last quarter of 2020. ....