Nomura ‘broadly positive’ on ringgit

High expectations: Nomura also has some caution on the ringgit, noting that the retirement and replacement of Zeti whose term ends at end-April would be closely watched by the market.

Currency at year-to-date high of 3.9352 against US dollar

PETALING JAYA: The ringgit has rallied back to its August 2014 levels, recovering from the lows seen last year as US Federal chair Janet Yellen reiterated her cautious stance on the market and future rate rises.