KUALA LUMPUR: The ringgit failed to halt its continuing decline against the US dollar at opening today, dealers said.
At 9.26 am, the local unit was quoted at 4.2760/2850 to the greenback from 4.2105/2155 yesterday. A dealer said sentiment remained unsteady, even for the greenback, which traded lower against the euro and the yen.
â€œThe dollar fell against both currencies following negative sentiment, although China embarked on much-anticipated policy easing steps,â€ he added.
The ringgit was lower against a basket of major currencies. It depreciated against the Singapore dollar to 3.0413/0496 from 3.0120/0167 on Tuesday and was lower against the yen at 3.5869/5951 from 3.5223/5267 yesterday.
It also eased against the pound sterling at 6.7095/7253 from 6484/6580 and declined against the euro to 4.9212/9325 from 4.8631/8693.- BERNAMA