Updates prices to reflect afternoon trade
JOHANNESBURG, Dec 17 (Reuters) - South Africa's rand weakened against a stronger dollar on Tuesday as investors turn their attention to the Federal Reserve's interest rate decision.
At 1502 GMT, the rand traded at 18.16 against the greenback ZAR=D3, about 1.7% weaker than its previous close.
The dollar index =USD was last trading up about 0.12% against a basket of currencies.
The Fed will announce its interest rate decision on Wednesday, with markets expecting a 25 basis point cut, but the focus will also be on the central bank's tone on rates for the year ahead.
"A conservative tone will likely support the USD and pressure EM (emerging market) currencies, including ZAR," said Andre Cilliers, Currency Strategist at TreasuryONE.
Earlier in the day, central bank data showed South Africa's composite leading business cycle indicator rose 1.1% month on month in October.
On the stock market, the Top-40 .JTOPI index closed down about 1.6%.
South Africa's benchmark 2030 government bond ZAR2030= was weaker, with the yield up 7.5 basis points at 8.995%.
(Reporting by Bhargav Acharya; Editing by Kirsten Donovan and Angus MacSwan)
((Bhargav.Acharya@thomsonreuters.com))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。