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Taiwan Trade Balance On Tap For Friday

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Taiwan is scheduled to release July numbers for imports, exports and trade balance on Friday, headlining a modest day for Asian economic news. Analysts are expecting a 29 percent decline on year for imports following the 33.5 percent annual decline in June. Exports are called lower by 21.7 percent on year following the 30.4 percent fall on year in the previous month. The trade balance is expected to climb 1.67 percent on year after the 1.76 percent annual expansion a month earlier.

Singapore is set to announce FX reserves data for July, with forecasts anticipating a surplus of $175.3 billion following the $173.19 billion surplus in June.

Thailand will release foreign reserves numbers for the week ending July 31. Forecasts call for an annual increase of 123.8 percent after the 122.4 percent gain on year in the previous week.

(Market News Provided by RTTNews)

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