The Australian Dollar (AUD) retraces its recent losses from the previous session on Monday following the Chinese government’s release of its annual policy statement for 2025 on Sunday.

China unveiled the State Council’s annual rural policy blueprint for 2025, known as the “No.1 document” on Sunday, outlining the priorities for further deepening rural reforms and taking solid steps in advancing all-around rural revitalization, per CNBC.

NZD/USD recovers recent losses registered in the previous session, trading around 0.5750 during the Asian hours on Monday.