South Africa's rand resumes rally in risk-on environment

JOHANNESBURG (Reuters) - South Africa's rand resumed its recent rally on Tuesday on continued investor appetite for high-yielding assets, while inflation data from the U.S. and the UK will be in focus later. * At 0620 GMT, the rand trades at 13.27 per dollar, 0.2percent firmer from its Monday close of 13.31. * Watch support level at 13.25/$. * High-yield risk-on rally continues on higher oil prices. * Rand gains 5 percent this month on improvedpolitical/economic outlook and increased global risk