At 14h51 CAT, the Rand traded at 17.6250 against the Dollar, roughly down 0.6% on Thursday's close. The US Republican-controlled House of Representatives narrowly passed Trump's "One, Big, Beautiful Bill" of spending and tax cuts.

"The upside to this bill is that it will likely boost US demand in the short-to-medium term. The downside is that forecasts are pessimistic on whether it will successfully generate enough GDP growth to outpace the increased spending," ETM Analytics said in a research note.

Like other risk-sensitive currencies, the rand often takes cues from global drivers like US policy and economic data in addition to local factors.

SA and many other countries are scrambling to agree on trade deals with the US before the deadline.

But the US leader said Washington will start sending letters to countries on Friday specifying what tariff rates they will face on imports to the US, a clear shift from earlier pledges to strike scores of individual deals.

--Reuters--