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Australia Trade Balance On Tap For Thursday

7/4/2012 6:30 PM ET

Australia will on Thursday release May figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity.

The trade balance is expected to show a deficit of A$500 million after showing a shortfall of A$203 million in April. Imports were at A$26.29 billion in the previous month, while exports came in at A$26.08 billion.

The Malaysian central bank will conclude its monetary policy meeting and then announce its decision on interest rates. The bank is widely expected to keep rates on hold at 3.00 percent.

The Philippines will provide June figures for consumer prices; inflation was up 4.5 percent on year and flat on month in May.

by RTT Staff Writer

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