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Brazil is preparing its inaugural yuan bond offering before year-end, aiming to establish a sovereign debt curve that will help Brazilian corporations access Chinese capital markets at lower costs than dollar borrowing.
The ringgit weakened against the US dollar on Friday as fresh trade tensions emerged, with the Trump administration announcing tariffs on 60 nations including Malaysia. The local currency strengthened against most other major currencies.
The US dollar slumped towards its largest weekly loss in three months following a disappointing June employment report that dampened expectations for near-term Federal Reserve rate increases, offering some relief to the struggling Japanese yen.