Market News
South African rand gains after hitting 9-month low, US inflation data in focus - REUTERS
JOHANNESBURG, Jan 14 (Reuters) - South Africa's rand firmed early on Tuesday against a stronger dollar, as markets looked to U.S. inflation data due on Wednesday for clues on the Federal Reserve's interest rate path.
At 0546 GMT, the rand traded at 18.9850 against the U.S. dollar , about 0.2% stronger than its previous close. The greenback last traded about 0.1% stronger against a basket of currencies.
The rand hit a nine-month low on Monday before staging a recovery, against a stronger dollar amid an uncertain outlook for further interest rate cuts by the Fed.
