South African rand stable as markets wait for Trump's next moves
Updates prices to reflect afternoon trade
JOHANNESBURG, Feb 25 (Reuters) - South Africa's rand was stable on Tuesday amid market caution about U.S. President Donald Trump's tariff plans and geopolitical stance.
As of 1501 GMT, the rand traded at 18.3725 against the dollar ZAR=D3, near its previous close of 18.3750. The dollar =USD last traded about 0.4% weaker against a basket of currencies.
Investors have traded cautiously after Trump said tariffs on Mexico and Canada would proceed as planned.
South Africa's composite leading business cycle indicator ZALEAD=ECI fell 1.8% month-on-month in December, central bank data showed on Tuesday.
Domestic-focussed investors await January consumer inflation figures ZACPIY=ECI on Wednesday and producer inflation data ZAPPIY=ECI for the same month on Thursday for clues on the health of Africa's most industrialised economy.
On the stock market, the Top-40 .JTOPI index closed about 0.5% higher.
South Africa's benchmark 2030 government bond ZAR2030= was stronger, with the yield down 5 basis point to 9.065%.
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