The South African (SA) Rand was steady in early trade on Thursday, ahead of the release of current account data by the central bank while global investors await data for clearer cues on the Federal Reserve’s interest rate outlook.

The Rand traded at 17.0550 against the Dollar , little changed from its Wednesday close of 17.0450.

The SA Reserve Bank will publish third-quarter current account data.

A slightly lower gold price might cause the Rand to pause over the next couple of days,” said Adam Phillips, Treasury Specialist at Umkhulu Treasury.

The Dollar last traded flat against a basket of currencies as global investors remain cautious ahead of next week’s United States Federal Reserve meeting.

–Reuters–