A family of Microsoft spreadsheet software with tools for analyzing, charting, and communicating data.
It appears that Microsoft fixed this issue sometime between April 2016 and today. I just tested and the cursor behaves as expected.
Go to the Excel menu and choose About Excel and see what version you have. It should be 15.37 or higher. If you're not up to date, then please follow these instructions, then test again and reply with the results.
Make sure your Mac has a working internet connection before checking for updates. Install Mac OS X updates followed by Office updates.
Install Mac OS X updates first:
To get Mac OS updates, go to the App store on your dock, and then click the Updates button to reveal available updates.
Then Install Office Updates
To get the update:
- Open any Office application:
- Make sure your Mac has a working internet connection
- Go to the Help menu and choose Check for Updates
- Let AutoUpdate check for and install updates
- Restart your Mac