The rand came off earlier gains to trade little changed to the dollar on Wednesday afternoon, as markets awaited the week’s key data release — the US inflation print for October.Investors were also eyeing unfolding developments in Zimbabwe, following an apparent military coup overnight.Although analysts were cautious about the effect of the coup on the local unit, Rand Merchant Bank currency strategist John Cairns said there could be some spillover, as significant weakening of the rand in 2001 had been attributed to events in Zimbabwe.US inflation data was due at 3.30pm local time, but analysts said that only a significant deviation would move the market.Inflation in the world’s largest economy is being closely monitored as the US Federal Reserve considers tightening monetary policy, but consensus is that the market has now entirely priced in an interest-rate increase in December.TreasuryOne currency dealer Andre Botha said the rand had received some much-needed relief from dollar w...
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