The South African rand was little changed in early trade on Wednesday after a steep fall the previous day, with global market attention firmly pinned on U.S. inflation figures due later in the day.
At 0545 GMT the rand traded at 18.6425 against the U.S. currency , not far from its previous close of 18.6375.
The risk-sensitive rand lost more than 1.6% against the greenback on Tuesday, as caution built ahead of Wednesday's U.S. Consumer Price Inflation print scheduled for 1230 GMT. The CPI numbers are expected to set the tone for global markets as investors will scrutinise them for clues about the Federal Reserve's future monetary policy decisions.
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