The ringgit was trading lower against the United States (US) dollar but it rose against other major currencies during early trading on Monday as investors will monitor the Bank Negara Malaysia (BNM) Monetary Policy Committee meeting and the Fed's decision on interest rates.
At 10.10am, the ringgit was at 4.3350, which is 0.39% lower than the USD, which closed at 4.3200 last Friday.
Bank Muamalat Malaysia Bhd Chief Economist, Dr Afzanizam said the ringgit is forecast to remain positive today (Monday) as the US Fed is on track to cut interest rates this month.
In addition, BNM is expected to maintain the Overnight Policy Rate (OPR) at a stable level until the end of this year.
Meanwhile, the ringgit traded higher against several major currencies this morning.
The local currency rose against the Japanese yen to 2.9518/9645 from 2.9754/9784 at Friday's close and was steadier against the euro to 4.7723/7922 from 4.7862/7906.
The ringgit also rose against the British pound to 5.6713/6949 from 5.6939/6992.
In addition, it is traded quite mixed compared to the currencies of Asean countries.
The domestic unit rose against the Singapore dollar to 3.3083/3224 from 3.3158/3191 at last week's close and rose against the Thai baht to 12.6798/7375 from 12.7540/7726.
The ringgit was almost unchanged against the Indonesian rupiah to 279.4/280.8 from 279.3/279.8 and almost flat against the Philippine peso to 7.69/7.73 from 7.69/7.70.
