FX.co ★ China Trade Data On Tap For Thursday

On Thursday, financial reports from China are set to dominate the Asia-Pacific's economic news. The figures for April imports, exports, as well as the trade balance, are due for release.

After a 1.9 percent drop in imports in March, a rise of 6.0 percent is anticipated for April. Despite experiencing a 7.5 percent drop in March, exports are expected to have increased by 1.0 percent year-on-year. The monthly trade surplus is thought to have risen from $58.55 billion to $81.40 billion.

In other activity, Japan will release its average cash earnings data for March, along with data for its leading and coincident indexes. The data suggests a 1.5 percent annual increase in earnings, easing from February's 2.0 percent. The leading index rose by 2.3 percent in February, while the coincident index went down by 0.7 percent.

In Malaysia, the central bank will conclude a monetary policy meeting, following which a decision on interest rates will be announced. It's projected that the central bank will maintain the benchmark lending rate at 3.00 percent.

South Korea is due to release its March current account figures; in February, the country showed a current account surplus of $6.86 billion.

Australia's statistics for March's building approvals are expected to show a 1.9 percent monthly increase, counteracting February's 1.9 percent downfall.

Lastly, Indonesia's financial markets will remain closed for Ascension Day, with plans to reopen on Monday.