JOHANNESBURG, April 20 (Reuters) - The South African rand was steady in early trade on Thursday, as caution reigned on global financial markets before a barrage of central bank meetings in the coming weeks.
At 0600 GMT, the rand traded at 18.1875 against the U.S. dollar , near Wednesday's close of 18.1900.
The rand has mainly tracked global drivers this week, reacting little on Wednesday to March inflation readings (ZACPIY=ECI), (ZACPI=ECI) that came in higher than expected and February retail sales (ZARET=ECI) that were worse than forecast.
No major domestic economic data releases are due on Thursday.
The dollar was also little changed against a basket of currencies .
Important Information: This communication is marketing material. The views and opinions contained herein are those of the author(s) on this page, and may not necessarily represent views expressed or reflected in other Exclusive Capital communications, strategies or funds. This material is intended to be for information purposes only and is not intended as promotional material in any respect. The material is not intended as an offer or solicitation for the purchase or sale of any financial instrument.