New Zealand's trade surplus increased more than expected in March to the highest level since the coronavirus pandemic in 2020 as exports to China and the US logged double-digit growth, official data revealed on Tuesday. The trade surplus rose sharply to NZ$970 million from NZ$392 million in February, Stats NZ said. This was the highest surplus since May 2020.

It was a weak performance by the U.S. Dollar during the week ended April 18, amidst renewed concerns about economic growth in the U.S.

The Canadian dollar weakened against most major currencies in the Asian session on Monday, as the crude oil prices fell due to fears of a U.S. recession mounted amid the tariff turmoil.

The U.S. dollar weakened against other major currencies in the Asian session on Monday amid increasing risk-on mood by the investors, with markets in Hong Kong, Australia and New Zealand shut due to the Easter holiday, following progress in tariff discussions between the Trump administration and other major economies.

The People's Bank of China left its interest rates unchanged for the sixth successive session on Monday. The central bank retained its one-year loan prime rate at 3.10 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was 3.60 percent, unchanged from the previous month. The decision matched expectations.

The New Zealand dollar weakened against other major currencies in the Asian session on Friday, as traders speculate additional easing by the Reserve Bank of New Zealand (RBNZ).