Markets will look to coming U.S. data releases for clues about the Federal Reserve's next policy moves and are also grappling with financial stability concerns highlighted by recent turmoil in U.S. and Swiss banks. Shares on the Johannesburg Stock Exchange fell, with both the broader all-share index and the blue-chip Top-40 index ending nearly 0.3% lower. South Africa's benchmark 2030 government bond was weaker, with the yield up 4.5 basis points at 10.225%. (Reporting by Tannur Anders and Bhargav Acharya Editing by Alexander Winning and Mark Potter)
(Updates prices to reflect afternoon trade)
JOHANNESBURG, April 25 (Reuters) - South Africa's rand
slipped on Tuesday against the dollar, as the central bank
warned core inflation in the country remained elevated and a
leading business cycle indicator fell.
At 1530 GMT, the rand traded at 18.3825 against the dollar , about 1.35% weaker than its closing level on Monday.
The dollar index , which measures the greenback
against six major currencies, was last up around 0.57%.
The South African Reserve Bank (SARB) said in its April
Monetary Policy Review that headline inflation had peaked but
core inflation remained elevated, putting upward pressure on the
consumer prices outlook.
Earlier in the day, the SARB's leading indicator for
February decreased 0.7% month on month, falling for
the third consecutive month.
The indicator collects data on vehicle sales, business
confidence, money supply and other factors to gauge the outlook
for Africa's most industrialised economy.
Rand moves could be volatile later this week as upcoming
public holidays mean many traders will be away from their desks
from Wednesday's close until next Tuesday.
Globally, the investor mood was cautious in a busy week for
corporate earnings and economic data.
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