The euro held its ground on Thursday, above a two-month low, after European Central Bank (ECB) President Christine Lagarde said inflation remains too high and further policy tightening was necessary.

Asian markets sank Wednesday on worries that hardline Republicans could vote down a crucial bill to hike the US borrowing limit and risk a catastrophic default that could hammer an already fragile global economy.

The dollar held firm on Monday supported by growing expectations of further rate hikes by the US Federal Reserve, though news that a debt ceiling deal had been finalized drew some of the safe haven bids away from the greenback.

Asian markets rose Monday on news that President Joe Biden and House Speaker Kevin McCarthy have reached a deal to lift the US debt ceiling and avoid a calamitous default.

Deputy US Treasury Secretary Wally Adeyemo said on Friday that the US government does not have the capability to "triage" payments if the debt ceiling is not raised, adding that invoking the 14th amendment to issue debt will not solve the government's challenges.

Asian shares stumbled to a two-month low on Thursday, and the US dollar rose as the impasse in negotiations to raise the US debt ceiling undermined risky assets on worries about the hit to the global economy if the US government defaults.

Ratings agency Fitch on Wednesday put the United States' credit on watch for a possible downgrade, raising the stakes as negotiations over the country's debt ceiling go down to the wire.

Asian markets tracked losses in Wall Street on Wednesday as investors grow increasingly concerned about stalled US debt ceiling talks to avert a painful default.

Asian stocks and Wall Street futures struggled on Monday as US debt ceiling negotiations approached crunch time after stalling last week, while lingering banking fears and fresh geopolitical worries also capped sentiment.

Asian shares nudged lower on Friday, weighed down by China and Hong Kong stocks due to concerns over the stuttering recovery in the world's second-biggest economy, although Japan's Nikkei clocked a near 33-year peak.

Global shares dipped on Wednesday, while the dollar headed for its strongest weekly gain since February to trade at six-week highs, reflecting risk aversion among investors, as there is no breakthrough in sight yet over the US debt ceiling.

While the government is pressing the pedal to the metal to make Indonesia one of the world’s electric vehicle (EV) hubs, early adopters in the archipelago are having a bumpy ride amid patchy charging facilities and doubts over the technology’s sustainability in a coal-dependent country.

Asia stocks mostly held firm on Tuesday despite weaker-than-expected Chinese economic data, with investors expecting the world's second-biggest economy to provide policy support.

The US dollar rose to a five-week high against major peers on Monday, buoyed by inflation worries at home and growth concerns globally, though its gains were capped by anticipation the Federal Reserve will cut rates later this year.

Asian markets fluctuated Friday as traders weighed a range of issues including US debt ceiling hopes, high-level talks between Washington and Beijing, banking sector uncertainty and more signs of a slowing economy.

Stocks extended losses in Asia and Europe on Wednesday as traders awaited the release of US inflation data, with sentiment clouded by a range of issues including the debt ceiling standoff in Washington and banking sector uncertainty.

Stocks extended losses in Asia on Wednesday as traders awaited the release of US inflation data, with sentiment clouded by a range of issues including the debt ceiling standoff in Washington and banking sector uncertainty.

Asian markets struggled Tuesday as investors eyed the release of US inflation data later in the week that could play a key role in shaping the Federal Reserve's interest rate plans.

Asian shares were mostly higher on Monday as investors braced for a week where US inflation data will test wagers the next move in interest rates will be down, while worries about a possible credit crunch weighed on the dollar.

Political uncertainty and high interest rate environment may affect corporate bonds issuance this year, as firms become more wary of the uncertainties.

Asian stocks rose, the dollar eased and gold hovered around its record highs on Friday, as jittery investors remained nervous about the US banking sector following another rout in shares of regional lenders.

Global stock markets sagged while the Japanese yen rose on Thursday in reaction to the Fed's policy statement and signs of stress at another US regional bank, spurring investors to price in a pivot rather than just a pause in rate increases.

Asian stocks fell for a second session in a row on Wednesday, as global investors contended with signs of a softening US economy, and were in full flight from US regional lenders, ahead of an expected US interest rate hike later in the day.

Asian stocks rallied on Friday as strong corporate earnings helped lift sentiment even as worries over economic weakness lingered, while investors were also waiting on a policy decision from the Bank of Japan.

Asian shares extended losses on Thursday as troubles at US lender First Republic Bank FRC.N continued to unnerve investors amid concerns that growth in the world's biggest economy could very well surprise to the downside.

Asian stocks were off to a shaky start on Wednesday following plunges on Wall Street fuelled by concerns for the banking sector and broader fears of recession.

Asian stocks were mostly down on Tuesday following a mixed session on Wall Street, with investors still casting about for direction at the start of a week of major announcements.

The dollar began the last trading week of the month on the back foot, with traders awaiting a slew of central bank meetings in May for clues on when the steepest global monetary policy tightening campaign in years might come to a halt.

Asian markets fluctuated Thursday following a tepid performance in New York and Europe as traders fret over the inflation outlook and central bank plans to hike interest rates to tame rampant prices.

The Upstream Oil and Gas Special Regulatory Task Force (SKK Migas) expects prices to remain relatively high amid geopolitical instability this year and to set in motion an upward trajectory for oil and gas investment in Indonesia.