JOHANNESBURG, Aug 19 Reuters South Africas rand was weaker in early trade on Tuesday, as investors looked to the Feds Jackson Hole symposium for hints on the U.S. interest rate trajectory, while also eyeing inflation figures from Africas most industrialised economy.
At 0634 GMT the rand traded at 17.6550 against the dollar, down about 0.2 on Mondays close.
Global investor focus is mainly on the Federal Reserves annual symposium where Fed Chair Jerome Powell is due to speak on the economic outlook and the central banks policy framework.
ETM Analytics said the risk-sensitive rand will likely take cues from this meeting as it currently remains range-bound against the dollar.
The USD-ZAR started the week on the defensive, which looks set to continue, the note said.
