# South African rand slips as leading indicator falls - Markets - Business Recorder

> The South African rand slipped in early trade on Tuesday against a slightly stronger dollar. The Reserve Bank's leading business cycle indicator for February fell 0.7% month on month, its third straight monthly decline.

- Date: 2023-04-25 · published 2023-04-25T12:00:00.000Z
- Category: report · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/36690-south-african-rand-slips-as-leading-indicator-falls-markets-business-recorder
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A falling leading indicator signals a weaker domestic economic outlook, which can pressure the rand. The effect on feed commodity prices is limited.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40238715

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.