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

UK policymakers link the decline to possible cost-of-living relief for measures tied to inflation.

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

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

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