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EUR to ZAR Forecasts

The Euro has dropped by a small amount against the South African Rand today, though a recovery may still be seen in the pairing before the end of the week. This is due to an incoming South African event,  a State of the Nation (SONA) address from President Jacob Zuma. Last week saw the Euro [...]

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The Euro to South African Rand exchange rate plummeted on Wednesday afternoon as a leaked EU report warned that Brexit could potentially damage the remaining 27 members of the union if a ‘workable’ deal is not agreed upon. EUR ZAR currently sits around 14.43 following the report, down from 14.58 earlier this morning and close [...]

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As a new week of trading began the Euro dropped against the South African Rand. ZAR gains have mainly been caused by a sharp rise in gold prices following some unsettling behaviour by the new US President. Despite a few fluctuations in the Euro Rand exchange rate last week, the Euro was nonetheless able to advance [...]

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Surge in Risk-Sentiment Sees Euro Falls Vs Rand

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Date: January 12th, 2017.

Despite mixed South African ecostats and strong data from the Eurozone, the Euro to South African Rand exchange rate dropped on Thursday due to a sudden increase in demand for risk-correlated currencies. EUR/ZAR had fluctuated around the week’s opening levels but on Thursday the pair fell to a weekly low of 14.30. Demand for the [...]

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Although Eurozone data has proven largely positive this week, the EUR ZAR exchange rate has struggled to escape a downtrend. Investors have remained somewhat preoccupied with worries over the political outlook of the currency union, particularly amid speculation that Italy could be facing an early election. While there was no resurgence in concerns of the [...]

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The Euro to South African Rand exchange rate has tumbled over the past few days, despite further increasing joblessness in South Africa as investors focus on Eurozone monetary policy and the low odds it will be tightened any time soon. The Euro has weakened sharply against the Rand since the beginning of the week, falling [...]

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The Euro South African Rand exchange rate has slumped today, despite firm inflation figures boosting market appetite for the common currency elsewhere. High profile business leaders have thrown their support behind South Africa’s Finance Minister Pravin Gordhan as he faces fraud charges in a suspected attempt by President Jacob Zuma to oust him from the [...]

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The Euro to South African Rand exchange rate has fallen today in response to Eurozone PMIs, but could recover in the near-term if optimistically forecast German data proves supportive. The South African Rand, meanwhile, also strengthened thanks to economic data and a statement from President Jacob Zuma. Last week, the Euro Rand rate dipped to 15.01, [...]

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EUR/ZAR Reacts to Fed Interest Rate Decision

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Date: September 22nd, 2016.

The Euro-Rand exchange rate has come under pressure this week, with the pairing declining from a starting high in the region of 15.94 to a closing low during Thursday’s European trading session of 15.04. For the Rand, losses have been brought about lately by the US Federal Reserve and the tone adopted at its interest [...]

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The Euro to South African Rand exchange rate has been performing poorly this week due to faltering confidence in the Eurozone. With domestic concerns have been driving the Euro, Rand direction has been dictated by global sentiment. As evidence of how dramatically the Euro has fallen against the Rand, the single currency began the week [...]

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