FX.co ★ Australia Rate Decision On Tap For Tuesday

The Reserve Bank of Australia is anticipated to maintain its key lending rate at 4.35 percent after concluding its monetary policy meeting on Tuesday. This is the main event of note in terms of economic developments across the Asia-Pacific region.

Data for industrial production in January is expected from Japan, where analysts forecast a 7.5 percent monthly decrease following the rise of 1.4 percent seen in December. The capacity utilization rate is predicted to remain steady at -0.1 percent for the month.

South Korea is set to disclose trade figures for February, including import and export statistics. In January, there was a year-on-year decline in imports by 13.1 percent, while exports experienced a 4.8 percent increase on an annual basis, shaping a trade surplus of $4.30 billion.