KUALA LUMPUR: The ringgit opened slightly lower against the US dollar this morning as the greenback strengthened ahead of the US Federal Open Market Committee (FOMC) meeting this week. At 9am, the local unit was quoted at 4.1880/1920 against the US dollar, from 4.1870/1900 on Monday. A dealer said investors are awaiting clues on US monetary policy from the FOMC meeting, while tensions over North Korea have eased. Against other major currencies, the ringgit traded mostly higher, except versus the euro, against which it fell to 5.0105/0157 from 5.0035/0087 on Monday. The ringgit rose against the Singapore dollar to 3.1096/1137 from 3.1098/1132 yesterday; and vis-a-vis the yen, it went up to 3.7574/7620 from 3.7619/7656 yesterday.

Source: New Strait Times September 19, 2017 02:03 UTC