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

UK policymakers associate the decline to prospective household expense relief for policies tied to inflation.

The South African rand held unchanged ahead of its own inflation data release.

In Australia, Reserve Bank observers highlight inflation data is crucial for shaping interest rate expectations.

Traders in South Africa look for the release of key economic figures after this week's volatility in the rand.