KUALA LUMPUR: 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.

Source: New Strait Times March 09, 2018 02:15 UTC