FX.co ★ RBA Minutes On Tap For Tuesday

The Reserve Bank of Australia will on Tuesday release the minutes from its December 5 meeting, highlighting a light day for Asia-Pacific economic activity.

At the meeting, the policy board of the RBA decided to maintain the cash rate target at 4.35 percent. The board also retained the interest rate paid on Exchange Settlement balances at 4.25 percent. At the November meeting, the bank had lifted the rate by 25 basis points to a 12-year high, ending a four-session long pause.

Malaysia will provide November numbers for imports, exports and trade balance. Imports are expected to fall 0.8 percent on year after easing 0.2 percent in October. Exports are called lower by an annual 4.0 percent after sinking 4.4 percent in the previous month. The trade surplus is pegged at 17.40 billion ringgit, up from 12.90 billion ringgit a month earlier.

Hong Kong will see November data for unemployment; in October, the jobless rate was 2.9 percent.