5/13/2023 0 Comments Us against you review![]() 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. ![]() Globally, the investor mood was cautious in a busy week for corporate earnings and economic data. 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. The indicator collects data on vehicle sales, business confidence, money supply and other factors to gauge the outlook for Africa's most industrialised economy. 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.Įarlier in the day, the SARB's leading indicator for February (ZALEAD=ECI) decreased 0.7% month on month, falling for the third consecutive month. The dollar index, which measures the greenback against six major currencies, was last up around 0.57%. 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.Īt 1530 GMT, the rand traded at 18.3825 against the dollar, about 1.35% weaker than its closing level on Monday. ![]()
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