ECB Moves Support High Yielding Asia FX - HSBC

        0823 GMT [Dow Jones] ECB interest-rate action overnight wasn't exactly a "bazooka," HSBC says. But it has lifted most Asian currencies and some of them will remain supported by the liquidity. Malaysia's ringgit and Indonesia's rupiah have risen around 0.3% each while the India rupee, Thailand baht and the yuan are up albeit not as much. "The global liquidity tap will remain flush for some time," HSBC says in a report. "The ECB's move should be a strong positive for high yielding currencies against the EUR" namely rupee, rupiah and ringgit." (fiona.law@wsj.com)
        (END) Dow Jones Newswires

        June 06, 2014 04:23 ET (08:23 GMT)