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Ringgit At 4.27, Continues Slide Against USD

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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.

“The dollar fell against both currencies following negative sentiment, although China embarked on much-anticipated policy easing steps,” 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


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