FX.co ★ Australia Rate Decision On Tap For Tuesday

The Reserve Bank of Australia will conclude its monetary policy meeting on Tuesday and subsequently announce its decision regarding interest rates, marking a relatively subdued day for economic activity in the Asia-Pacific region. The RBA is anticipated to maintain its benchmark lending rate at 4.35 percent.

Additionally, South Korea is set to release data for May concerning imports, exports, and the trade balance. In April, imports decreased by 2.0 percent year-on-year, while exports saw an 11.7 percent annual increase, resulting in a trade surplus of $4.96 billion.

Singapore will also provide figures for May's non-oil domestic exports. Projections indicate a 1.7 percent month-on-month increase and a 0.9 percent year-on-year decline. This follows April's 7.6 percent monthly rise and 9.3 percent annual decline, with a trade surplus recorded at SGD 4.525 billion.

Lastly, markets in Indonesia remain closed for Eid-al-Adha and are scheduled to reopen on Wednesday.