Later on Tuesday, the government will auction up to 3.9 billion rand ($218.5 million) of 2030, 2032 and 2035 bonds. (Reporting by Alexander Winning)
JOHANNESBURG, Feb 14 (Reuters) - The South African rand
was flat in early trade on Tuesday, as investor caution
prevailed ahead of a closely watched U.S. inflation report due
later in the day.
At 0600 GMT, the rand traded at 17.8450 against the
dollar, not far from its previous close of 17.8375.
Markets are looking to the U.S. consumer price index (CPI)
for further clues about the Federal Reserve's interest rate
path, a major driver of global asset prices.
U.S. consumer prices are expected to rise 0.5% in January , according to a Reuters poll, after a revised 0.1%
increase in the prior month.
South African inflation and retail sales figures will be published on Wednesday.
Economists polled by Reuters expect annual inflation to fall
to 6.9% in January from 7.2% in December, and retail sales to
contract 0.1% in December from growth of 0.4% in November.
South Africa's benchmark 2030 bond was flat early
on Tuesday, with the yield at 9.85%.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.