In any text editor:
Command+right arrow will put your cursor to the Right of the line
Command+left arrow will move your cursor to the Left of the line
Is there an equivalent keybord shortcut for this in Excel for Mac?
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You didn't say what version of Excel you're using however see the Moving and scrolling in a sheet or workbook section of Keyboard shortcuts in Excel 2016 for Mac.
FN + Left Arrow
FN + Right Arrow