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Malaysian ringgit notes are seen among U.S. dollar bills in this photo illustration taken in Singapore August 24, 2015. The Malaysian ringgit hit a fresh pre-peg 17-year low on Monday as sustained worries about China's economy dented global risk appetite with European and Wall Street stocks suffering their largest one-day drop in nearly four years. The ringgit lost 0.9 percent to 4.2200 per dollar, its weakest since Aug. 31, 1998. The ringgit was pegged at at 3.8000 to the dollar in September 1998 and maintained there until 2005. REUTERS/Edgar Su

Ringgit at 4.32 against USD

KUALA LUMPUR: The ringgit failed to arrest its continuing decline against the US dollar at the opening today, a dealer said.

At 9.06am, the local unit was quoted at 4.3200/3260 against the US dollar from yesterday’s close of 4.2940/2980.

A dealer said sentiment remained unsteady, as players still placed odds of a US Federal Reserve rate increase this year on the table.

He said the greenback appreciated on the revived expectations that the US central bank could still raise interest rates this year.

The local note was traded mixed against other major currencies this morning.

The ringgit was lower against the Singapore dollar at 3.0448/0499 from yesterday’s close of 3.0331/0364 and firmed against the euro to 4.8000/8083 from 4.8080/8133 yesterday.

It was higher against the British pound at 6.6299/6408 from yesterday’s close of 6.6463/6550 and softened against the yen at 3.5919/5975 from 3.5801/5850 yesterday.–BERNAMA

Sources : http://www.nst.com.my/news/2015/09/ringgit-432-against-usd