Before April retail sales figures, the rand barely changed on Wednesday.
The rand fell 0.01% to 18.6400 per dollar at 0619 GMT.
Statistics South Africa will report April retail sales (ZARET=ECI) at 1100 GMT. Reuters forecasts a 1.4% drop.
Later today, investors anticipate the U.S. Federal Reserve’s June meeting results.
Slowing U.S. inflation strengthened betting that the Federal Reserve would forego a hike later in the day, but any rate increases beyond this week were questionable.
“The USD-ZAR has paused for now and will only resume fresh directional momentum after the FOMC decision this evening,” ETM Analytics wrote.
Early agreements kept South Africa’s 2030 government bond rate at 10.765%.
