US futures creep lower to start the session

Some of the market moves from overnight are beginning to moderate now. The dollar is down across the board and we're also starting to see the Australian dollar take a bit more of a hit as market players digest the change in the tariffs war to a more focused US-China trade war. On the aussie currency, I shared some food for thought earlier here.

US futures are now taking a bit of a dip, with S&P 500 futures down by 1.1% while oil is also dropping lower to start the session. WTI crude is now down 2.5% to $61.10 on the day.

In FX, USD/JPY is down 0.7% to 146.63 after hitting a high just over 148.00 in overnight trading. EUR/USD has also come back up to 1.1000 now after a fall to 1.0912 overnight.