The South African rand was little changed around 17.9 per USD, as traders continued to monitor global trade developments and their impact on monetary policies. The rand has seen increased volatility since July 14, when President Donald Trump announced a 30% tariff on U.S. imports of South African goods; while it has clawed back some losses, it remains on track for a 1.5% weekly decline. The South African government is facing an extra tariff threat from the US as a member of BRICS.