Malaysia the local note traded higher; the local note was quoted at 3.9110/9180 from Thursday’s 3.9070/9100.

Malaysia: The ringgit opened lower against the US dollar today on worries of an international trade war triggered by US-imposed steel tariffs.

At 9am, the local note was quoted at 3.9110/9180 from Thursday’s 3.9070/9100.

Meanwhile, the local note traded higher against a basket of other major currencies.

It rose against the Singapore dollar to 2.9667/9738 from Thursday’s 2.9670/9704, and strengthened against the euro to 4.8129/8227 from 4.8373/8421 yesterday.

It improved against the yen to 3.6654/6730 from 3.6827/6859, and appreciated against the British pound to 5.3968/4068 from 5.4155/5212.

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