UK inflation dropped to 2.6% in June from 2.8% in May, driven by reduced petrol prices.

UK policymakers associate the decline to potential cost-of-living relief for steps tied to inflation.

The South African rand stayed steady ahead of its own inflation data release.

In Australia, Reserve Bank observers note inflation data is crucial for forming interest rate expectations.

Traders in South Africa await the release of major economic figures after this week's turbulence in the rand.