FX.co ★ Australia Rate Decision Due On Tuesday

The Reserve Bank of Australia is set to conclude its monetary policy meeting on Tuesday, subsequently revealing its decision on interest rates. The forecast suggests that the RBA will maintain its benchmark lending rate at 4.35 percent, marking a relatively uneventful day for Asia-Pacific economic activities.

Additionally, Australia is poised to release November figures from the National Australia Bank surveys on business confidence and business conditions, which previously recorded scores of +5 and +7 in October, respectively.

In China, November data for imports, exports, and trade balance will be unveiled. The October figures showed a 2.3 percent year-on-year decline in imports, while exports increased by 12.7 percent, resulting in a trade surplus of $95.72 billion.

Indonesia will report on retail sales for October, following a 4.8 percent year-on-year rise in September.

Meanwhile, Malaysia is expected to disclose its industrial production statistics for October, which had seen a 2.3 percent year-on-year increase in September.

Lastly, it's important to note that markets in Thailand are closed on Tuesday in observance of Constitution Day and will resume operations on Wednesday.