KUALA LUMPUR: The ringgit opened weaker against the US dollar in the early session on Monday on lack of demand for the domestic currency. At 9 am(0100gmt), the ringgit was quoted at 4.1385/1435 versus the greenback against 4.1340/1400 on Thursday. (Friday was a holiday)The local forex market experienced a shorthened week last week, with the Aidil Adha celebration on Monday and Malaysia Day on Friday. "The latest announcement on interest rates from the Fed is expected from the meeting," he added. The local unit weakened against the Singapore dollar to 3.0285/0324 from 3.0259/0325 on Thursday and declined against the yen to 4.0486/0543 from 4.0391/0457 last week.

Source: The Star September 19, 2016 02:15 UTC