Excess rainfall means Indonesian producers cannot take advantage of a global deficit of coffee beans and high prices, particularly for robusta.

Stocks in Hong Kong and Shanghai led equity losses Tuesday as a smaller-than-forecast interest rate cut by China's central bank added to worries about the lack of action to kickstart the country's lumbering economic recovery.

The yuan slipped toward seven-month lows on Tuesday as China cut lending benchmarks, while the Australian dollar fell after latest central bank meeting minutes showed keeping interest rates unchanged was under consideration.

The government has agreed to import 1 million tonnes of rice from India in a move that it says is necessary to ensure a sufficient supply of the staple food amid an increased risk of poor harvests this year.

The yen fell to a new 15-year low against the euro on Friday after the Bank of Japan (BOJ) kept ultra-low interest rates and forecast that inflation will slow later this year in contrast with the European Central Bank's (ECB) rate hike on Thursday.

The US dollar rallied in Asian trading on Thursday after the Federal Reserve signaled rate hikes later in the year, while China's and New Zealand's currencies fell on signs of weakness in those economies.

Asian investors traded cautiously Monday as they awaited key US inflation data and the Federal Reserve's interest rate decision later this week.

The dollar retreated on Friday, dragged down by lower US Treasury yields after a spike in weekly jobless claims raised hopes that a peak in US interest rates was near.

The Australian dollar jumped to its highest since mid-May on Tuesday after the Reserve Bank of Australia raised interest rates, in a decision that many analysts had said would be a close call between a hike and a pause.

Asian equities on Monday built on a global rally after a mixed US jobs report lifted hopes the Federal Reserve will hold off hiking interest rates this month.

Major oil producers led by Saudi Arabia and Russia met Sunday to discuss slashing output further in a bid to prop up prices, talks that are seen as tough amid tensions between Riyadh and Moscow.

Stocks markets rallied on Friday after senators voted to lift the US debt ceiling and as strong jobs data eased fears for the world's top economy.

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.